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Needed: An Armey Commission On The Budget, Murray L. Weidenbaum

Murray Weidenbaum Publications

The idea of a balanced budget is a fine start on the path towards governmental fiscal stability. The much harder task comes in identifying the specific spending cuts that should be made and attracting sufficient public support for such tough action. Currently, powerful interest groups are able to push very hard for the particular spending programs that benefit them. One solution to this problem would be to refer budget cuts to a bipartisan, blue-ribbon commission. Congress would then be required to vote up or down on the entire package, without opportunity to make exceptions for specific programs.

Tax Reform: Reconciling Economic Growth And Fairness, Murray L. Weidenbaum

Murray Weidenbaum Publications

The emerging debate on fundamental tax reform in the United States is focused too narrowly. The key disagreement currently is between promoting economic growth and maintaining fairness via a progressive tax structure. Alarmingly, most of the reform proposals which have gained attention do eliminate the progressivity which has been a long-term hallmark of the federal income tax system. This paper demonstrates that it is possible to achieve both objectives while making basic improvements in the federal revenue structure.

Temporary Equilibrium Dynamics With Bayesian Learning, Shurojit Chatterji

Research Collection School Of Economics

This paper examines the stability of deterministic steady states in a class of economies where the state variable is one dimensional and where agents use Bayesian techniques to form expectations. The dynamics with learning are locally convergent if the prior mean is close to a stable perfect-foresight root having modulus less than 1 and if the prior beliefs are held with enough confidence. The dynamics are, however, divergent if the prior mean or the variance of the prior distribution is sufficiently large

The Hog Industry: Can The Little Guy Compete?; Crop Market Alternatives, Gene E. Murra, Dick Shane

Economics Commentator (1972- 2016)

No abstract provided.

New Mexico Labor Market Review 11-30-1995, New Mexico Department Of Labor

Historic Publications

This issue of the New Mexico Labor Market Review presents October 1995 employment, unemployment, wage, and economic activity data for New Mexico, its counties, and metropolitan areas.

Good Jobs, Bad Jobs: The Long-Run Implications Of Employment At Different Wage Rates For The Disadvantaged, Timothy J. Bartik

Conference Papers

No abstract provided.

Performance Management Of Employment Programs In Hungary And Poland, Christopher J. O'Leary

Conference Papers

No abstract provided.

Bank Entry During The Antebellum Period, Andrew J. Economopoulos, Heather M. O'Neill

Business and Economics Faculty Publications

A recent study by Kenneth Ng (1988) challenges the view that free banking laws lowered barriers to entry. The authors' study examines bank entry and capital formation in free and nonfree banking states during the free banking period. A competitive model is developed and used to test if barriers were lowered in free banking states. The evidence indicates that entry significantly increased after the enactment of the free banking laws and that entry policy in nonfree banking states appeared to have been 'liberalized' when the free banking laws were enacted in other states.

Using Recurrence Probabilities To Estimate The Volume Of Multifamily Mortgage Originations, Robert M. Dunsky, James R. Follain, Jan Ondrich

Center for Policy Research

This study uses recurrence probabilities to generate forecasts of the volume of multifamily mortgage originations for the period 1992-2002. The approach concentrates on predicting the volume of property sales using the baseline of a multifamily prepayment hazard estimation to generate the predicted cohort-specific proportion of calendar sales in a given year. The forecast for the volume of originations depends strongly on the definition of the relevant mortgage population. A definition that excludes assumptions but otherwise includes all properties selling between 1971 and 1991 in which a first mortgage was used in its acquisition yields a forecast of $47.2 billion for …

Estimating The Volume Of Multifamily Mortgage Originations By Commercial Banks Using The Survey Of Mortgage Lending Activity And The Home Mortgage Disclosure Act Data, Amy D. Crews, Robert M. Dunsky, James R. Follain

Center for Policy Research

Two public data sets on multifamily mortgage originations are used to resolve the $15 billion discrepancy between the published estimates of the size of the multifamily lending market covered by commercial banks. The data are from the Survey of Mortgage Lending Activity and the Home Mortgage Disclosure Act. The analyses show the primary sources of the differences in the estimates are differences in the populations covered, nonreporting biases, and the methods used to expand the reported values to aggregate values. The 1993 multifamily mortgage originations volume by commercial banks is estimated to be about $7-8 billion.

Growth-Inflation Tradeoff In China, Hiroyuki Imai

CAPS Working Paper Series

The high growth and wide fluctuations of fixed investment are the main driving forces of the rate of inflation in China in the reform period. Investment expansion generates strong demand pressures in the consumption goods market. Its inflationary impact is magnified further as it brings about higher wage costs during a boom. An implied short-run tradeoff is derived from dynamic simulation of a small macroeconomics model. In a given year, each additional percentage point of economic growth or investment growth leads to, respectively, a 2.7 or a 0.9 percent increase in the rate of inflation that year.

Bureau Of Business And Economic Research_1995 (2), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The report provides a comprehensive socioeconomic and economic‑impact assessment of Los Alamos National Laboratory (LANL) and its surrounding TriCounty region—Los Alamos, Rio Arriba, and Santa Fe Counties. The study examines regional demographic and economic conditions, evaluates structural strengths and weaknesses, and quantifies LANL’s direct, indirect, and induced economic contributions, including employment, payroll, business activity, and tax impacts. It also analyzes two defense‑downsizing scenarios, incorporating business surveys and early‑retiree data to assess regional adjustment capacity.

American Isolationism Versus The Global Marketplace, Murray L. Weidenbaum

Murray Weidenbaum Publications

A growing paradox faces the United States. There is simultaneously a rise in support for isolationism alongside an increasing globalization of business and economic activity. Examined separately, both trends possess a certain logical appeal. After all, given the end of the Cold War, many Americans expect an increased focus on domestic issues, of which there are plenty. At the same time, a global marketplace based on international trade has arrived. This paper examines the tensions these two trends present when placed alongside one another.

Impact Assessment Los Alamos Defense_November 1995, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The report also evaluates socioeconomic conditions, regional strengths and weaknesses, and the readiness of local businesses and early retirees to support defense conversion efforts.

Impact Assessment Los Alamos Defense _November 1995, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The study examines the economic importance of Los Alamos National Laboratory (LANL) to the economies of Los Alamos, Rio Arriba, and Santa Fe Counties and evaluates the potential consequences of defense-related downsizing. Prepared by the University of New Mexico Bureau of Business and Economic Research, the study was undertaken during a period of declining federal defense expenditures and growing concern regarding the future role of national laboratories. Using socioeconomic profiling, regional economic analysis, business and community surveys, and econometric modeling, the report assesses the region’s economic strengths and weaknesses, measures LANL’s direct, indirect, and induced economic impacts, and estimates the …

New Mexico Labor Market Review 10-31-1995, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers September 1995.

State Primacy, Federal Consistency Or Federal-State Consensus: Can Cooperative Federalism Models From Other Laws Save The Public Lands?, Hope M. Babcock

Challenging Federal Ownership and Management: Public Lands and Public Benefits (October 11-13)

18 pages.

Contains references.

Agenda: Challenging Federal Ownership And Management: Public Lands And Public Benefits, University Of Colorado Boulder. Natural Resources Law Center

Challenging Federal Ownership and Management: Public Lands and Public Benefits (October 11-13)

Conference organizers, speakers and/or moderators included University of Colorado School of Law professors David H. Getches, Michael A. Gheleta, Teresa Rice, Elizabeth Ann (Betsy) Rieke and Charles F. Wilkinson.

In the face of numerous proposals for privatizing, marketing, and changing the management of public lands, the Natural Resources Law Center will hold its third annual fall public lands conference October 11-13, at the CU School of Law in Boulder.

A panel of public land users and neighbors, including timber, grazing, mining, recreation, and environmental interests, will address current discontent with public land policy and management. There will also be discussion …

Economic And Fiscal Impact Of A Proposed International Tradeport At The W.K. Kellogg Regional Airport, George A. Erickcek, W.E. Upjohn Institute For Employment Research

Reports

No abstract provided.

Evaluation Of Irrigated And Non-Irrigated Corn Production In Brookings County; Hog Comments, Douglas R. Franklin, Eric S. Stebbins, Gene Murra

Economics Commentator (1972- 2016)

No abstract provided.

Welfare To Work: Local Observations On A National Issue, Randall W. Eberts

Employment Research Newsletter

No abstract provided.

Performance Management Of Active Labor Programs In Eastern Europe, Christopher J. O'Leary

Employment Research Newsletter

No abstract provided.

The Hedonic Price Structure Of Faculty Compensation At U.S. Colleges And Universities, David E. Clark, Thomas A. Knapp

Economics Faculty Research and Publications

Economic theory suggests that the variation in academic salaries across institutions in part reflects compensating differences associated with variation in the levels of local "quality of life" factors such as environmental quality and the provision of local public services. This paper presents an econometric analysis of the hedonic, or implicit price structure, of faculty compensation at U.S. colleges and universities using data from AAUP merged with data on a host of location-specific characteristics. Quality of life factors are found to be important, accounting for between 7 percent and 12.8 percent of total compensation.

Poland As Cross-Cultural Context: Theology And Economics In Transition From The Communist To The Post-Communist Era, Halina Grzymala-Moszczynska

Occasional Papers on Religion in Eastern Europe

No abstract provided.

New Mexico Labor Market Review 09-30-1995, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers August 1995.

Developing A Market Plan For Calves; Changes In Hog Prices, Dillon M. Feuz, Gene Murra

Economics Commentator (1972- 2016)

No abstract provided.

Employer Rents Received By Hiring Vocationally-Trained Or Experienced Workers, Kevin Hollenbeck

Conference Papers

No abstract provided.

Review Of Speculative Bubbles, Speculative Attacks, And Policy Switching, Eric O'N. Fisher

Economics

No abstract provided.

Ral Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Handwritten notes titled RAL notes discussing the MKK model, Goodwin-Pasmetti-Kaldor result, and savings (September 1995)

• Handwritten notes titled Marx/Keynes on Marxian microfoundations for unemployment, with a note for Scott Carter (December 14, 1993)

• Invitation from Mario Seccareccia and Marc Lavoie for Anwar Shaikh to speak at the University of Ottawa conference What are the actual obstacles to the attainment of full employment in contemporary economies (May 26, 1993)

• Description for the conference What are the actual obstacles to the attainment of full employment in contemporary economies

• List of speakers and topics for the University of Ottawa conference …

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Problems And Challenges Of Developing An Efficient Payments System In Nigeria., Paul A. Ogwuma

Bullion

This papers emphasizes two main issues, namely, the prospects for modernizing Nigeria's payments system and what needs to be done in our circumstances to achieve this objective. Modernization of the payments system implied less reliance on cash transactions and increased use of cheques and related instruments, including electronic payment instruments