Contemporary Economic Policy articles from July 2004

Contemporary Economic Policy archives from July 2004

The current account, fiscal policy, and medium-run income determination.
July 1, 2004... I. INTRODUCTION With greater international integration of goods, services, and assets markets, the average size of current account imbalances in emerging and advanced economies has increased over recent decades, a phenomenon that has...

The role of state fiscal policy in state economic growth.
July 1, 2004... I. INTRODUCTION As a result of the national economic slowdown since 2001, most U.S. states currently face severe budget shortfalls, and state legislators are considering myriad ways to alleviate the fiscal imbalances. The obvious solutions...

Central bank behavior, the institutional framework, and policy regimes: inflation versus noninflation targeting countries.
July 1, 2004... I. INTRODUCTION The study of central bank behavior has attracted considerable interest in recent years. Attention has focused on two rather different questions. One has to do with whether Taylor's rule (Taylor, 1993) adequately...

The inflation-output variability trade-off: OECD evidence.(Organization for Economic Co-operation and Development)
July 1, 2004... I. INTRODUCTION Earlier policy debates emphasized inflation-output trade-offs in levels, but the focus today is on the choice between the variability of inflation and the variability of output. Following the seminal work of Taylor (1979,...

Employer-provided health insurance and JOB change.(disincentive for job change)
July 1, 2004... I. INTRODUCTION The fact that employers are the primary providers of health insurance in the United States raises at least two concerns. First, people who lose their jobs may also lose coverage. Second, some people who would prefer to...

The economic cost of fatal occupational injuries in the United States, 1980-97.
July 1, 2004... I. INTRODUCTION Despite improvements, workplace hazards continue to plague American workers. Each day an average of 9,000 workers sustain disabling injuries on the job, and 16 die from such injuries. Work-related diseases take the lives of...

Further evidence on the labor market effects of addiction: chronic drug use and employment in metropolitan Miami.
July 1, 2004... I. INTRODUCTION Many employees use illicit drugs either at or outside the workplace. The 1999 National Household Survey on Drug Abuse (NHSDA) reported that 9.4 million adult drug users (77 percent of all users age 18 and older) were...

The determinants of governance: a cross-country analysis.(economic policy and poverty reduction)
July 1, 2004... I. INTRODUCTION During the past decade there has been extensive theoretical work and empirical research on the consequences of governance on capital accumulation, economic growth, and poverty reduction (Scully, 1988; Knack and Keefer,...

Multicultural evaluation of the performance of contingent valuation for forest fire prevention.
July 1, 2004... I. INTRODUCTION The summers of 2000 and 2002 were two of the worst on record for forest fires in the United States. The summer of 2002 resulted in catastrophic wildfires burning nearly 6 million acres, destroying more than 2,300 houses,...

The relationship of pari-mutuel wagering and casino gaming to personal bankruptcy.
July 1, 2004... I. INTRODUCTION The growth of legalized gaming in the United Sates over the past several decades has been extraordinary. Before passage of the Indian Gaming Regulatory Act (IGRA) of 1988, casino gaming was legal in only two...