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- Working Paper
We investigate the similarity of the country endowments of the newly industrialized East Asian countries and their major developed trading partners since the 1960s.
- Working Paper
This paper describes a stochastic overlapping generations (OLG) model with heterogeneous agents, which is one of five models used at the Congressional Budget Office for recent fiscal policy analyses.
- Working Paper
Yield spreads between rates on Treasury nominal and inflation-indexed securities are thought to be distorted measures of expected inflation because of various biases.
- Working Paper
In this paper, I specify and estimate a model of investment using ex post fixed proportions, or putty-clay capital, for five categories of business fixed investment.
- Working Paper
The effect upon Social Security benefits resulting from the introduction of individual accounts depends on potential risks and returns of private equities, yet evidence about determinants of stock market risks and returns is mixed.
- Working Paper
This paper develops a new method of forecasting growth in the deposits of financial institutions for use by CBO in projecting receipts and expenditures of the Federal Deposit Insurance Corporation (FDIC).
- Working Paper
This paper introduces a dynamic simulation model of value to the government from FHA single-family mortgage insurance.
- Working Paper
We argue that trade can affect domestic productivity through economies-of-scale effects, competition effects, reallocation effects, and spillover effects. We then estimate the net impact of these effects.
- Working Paper
This paper reviews empirical literature on long-run growth to determine what factors influence growth in total factor productivity and whether there are any channels of influence that should be added to standard models of long-run growth.
- Working Paper
This paper reviews studies in order to assess the economic cost of limiting greenhouse emissions through a system of tradable emissions permits and investigates the impact of alternative rules for trading.