Economic Inquiry articles from October 1990

Economic Inquiry archives from October 1990

Fear of nuclear war and intercountry differences in the rate of saving.
October 1, 1990... FEAR OF NUCLEAR WAR AND INTERCOUNTRY DIFFERENCES IN THE RATE OF SAVING JOEL SLEMROD [*] I. INTRODUCTION AND REVIEW OF PREVIOUS LITERATURE Can differences in the perceived likelihood of nuclear war explain intercountry differences...

Price prediction errors and real activity: a reassessment.
October 1, 1990... PRICE PREDICTION ERRORS AND REAL ACTIVITY: A REASSESSMENT I. INTRODUCTION Macro models employing rational expectations and natural rate assumptions have proven to be powerful and tractable analytical tools. In these models output and...

Electoral politics, interest groups, and the size of government.
October 1, 1990... ELECTORAL POLITICS, INTEREST GROUPS, AND THE SIZE OF GOVERNMENT I. INTRODUCTION Interest groups have been considered main actors in the political drama for some time now by political scientists (as in Bentley [1908], Schattschneider...

Intertemporal substitution and constraints on labor supply: evidence from panel data.
October 1, 1990... INTERTEMPORAL SUBSTITUTION AND CONSTRAINTS ON LABOR SUPPLY: EVIDENCE FROM PANEL DATA I. INTRODUCTION Through much of the 1970s and 1980s, macroeconomic stabilization analysis has been dominated by equilibrium models in which...

The demise of hospital philanthropy.
October 1, 1990... THE DEMISE OF HOSPITAL PHILANTHROPY I. INTRODUCTION Until the beginning of this century, most hospitals primarily served the poor and derived a major portion of their revenue from private philanthropy. The more affluent avoided...

A contribution to the theory of depletable resource scarcity and its measures.
October 1, 1990... A CONTRIBUTION TO THE THEORY OF DEPLETABLE RESOURCE SCARCITY AND ITS MEASURES I. INTRODUCTION The question of devising suitable measures of the scarcity of natural resources has received considerable attention in the past...

Intracountry evidence on the Lucas variance hypothesis.
October 1, 1990... INTRACOUNTRY EVIDENCE ON THE LUCAS VARIANCE HYPOTHESIS I. INTRODUCTION Seventeen years ago, Lucas [1973] developed an aggregate supply model that challenged the efficacy of neo-Keynesian macroeconomic stabilization policy and...

Anticipated money, unanticipated money, and output: 1873-1930.
October 1, 1990... ANTICIPATED MONEY, UNANTICIPATED MONEY, AND OUTPUT: 1873-1930 I. INTRODUCTION This paper examines the roles of anticipated and unanticipated money in the period between the Civil War and the Depression.(1) Such an examination is...

The voluntary provision of public goods? The turnpike companies of early America.
October 1, 1990... THE VOLUNTARY PROVISION OF PUBLIC GOODS? THE TURNPIKE COMPANIES OF EARLY AMERICA I. The heroic role of the agent called "government" in the simple public-goods model is clear enough, but the relevance of the model is still in...

Expropriation of multinational firms: the role of domestic market conditions and domestic rivalries.
October 1, 1990... EXPROPRIATION OF MULTINATIONAL FIRMS: THE ROLE OF DOMESTIC MARKET CONDITIONS AND DOMESTIC RIVALRIES HAMID MOHTADI(*) The causes of expropriation of Multinational Firms (MNFs) by their host governments are investigated, based on social...

Financial innovation, price smoothing, and monetary policy.
October 1, 1990... FINANCIAL INNOVATION, PRICE SMOOTHING, AND MONETARY POLICY I. INTRODUCTION In a monetary economy, the volume of nominal transactions fluctuates with the level of economic activity. Empirical evidence suggests that the supply of...