NBER Reporter articles from June 1995

NBER Reporter archives from June 1995

Public economics. (National Bureau of Economic Research studies)
June 22, 1995... In the three years since the last report on the NBER's public economics program, national policy debates have drawn attention to a number of questions that are central to the research of program members. The tax policy debate of 1993 resulted in...

Measuring and controlling inflation.
June 22, 1995... In many ways, the monetary policy of the last 15 years has been strikingly successful: inflation has fallen dramatically, from well over 10 percent per year in the late 1970s to only about 3 percent in recent years. But this new low-inflation...

The financing costs and insurance benefits of social insurance programs.
June 22, 1995... One of the most important trends in government activity over the past 30 years is the increase in the share of the government budget devoted to social insurance programs, including Social Security, Medicare, Unemployment Insurance, and Medicaid....

Industrial R and D: determinants and consequences.
June 22, 1995... In modern industrial economies, technical change and innovation are considered to be a major impetus behind economic growth and improvements in the standard of living. Although many "actors" are important in creating a climate in which innovation...

Incomplete contracts.
June 22, 1995... Economists have a very well-established theory of market trading, and are on the way to a similarly well-developed theory of contractual transactions. However, the economic analysis of institutions is in a much more rudimentary state. This...