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Social and Behavioral Sciences Commons™
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Articles 1 - 7 of 7
Full-Text Articles in Social and Behavioral Sciences
Public Sector Transition In Post-Communist Economies: The Struggle For Fiscal Decentralization In The Czech And Slovak Republics, Phillip J. Bryson, Gary C. Cornia
Public Sector Transition In Post-Communist Economies: The Struggle For Fiscal Decentralization In The Czech And Slovak Republics, Phillip J. Bryson, Gary C. Cornia
Faculty Publications
Transition studies have often been studies of transitioning private sectors. How centralist governments withdraw from the business of micromanaging a nation's enterprises is a fascinating story indeed. The other side of the coin, how the public sector is to be brought to decentralization and democracy, is likewise of great moment for the peoples of the transitioning countries. Under central planning the tradition was to provide all public goods and services under the direction of the central government and its ministries. There were no genuine subnational governments, since all policy decisions pertaining to taxation and the distribution of public services were …
Output Gap Uncertainty And Monetary Policy During The 1970s, David E. Spencer
Output Gap Uncertainty And Monetary Policy During The 1970s, David E. Spencer
Faculty Publications
The conduct of monetary policy during the 1970s was greatly complicated by systematic real-time misperceptions of the state of economic activity as measured by the output gap. Employing real-time data and using the Taylor rule as an analytical framework, I explore the implications of utilizing alternative observable proxies for the unobservable output gap. I compare the counterfactual paths for the federal funds rate generated under each proxy with the actual path of the federal funds rate and a benchmark ("ideal") path implied by a full information Taylor rule. Results suggest that these real-time proxies would have resulted in better policy …
Fiscal Decentralization In The Czech And Slovak Republics: A Comparative Study Of Moral Hazard, Phillip J. Bryson, Gary C. Cornia, Gloria E. Wheeler
Fiscal Decentralization In The Czech And Slovak Republics: A Comparative Study Of Moral Hazard, Phillip J. Bryson, Gary C. Cornia, Gloria E. Wheeler
Faculty Publications
Fiscal decentralization has provided neither the benefits of decentralization nor an independent revenue source for subnational governments in the Czech and Slovak Republics. In Slovakia, political conditions early in the transition led to the relative neglect of revenue transfers from the center. This produced financial stress but also encouraged greater fiscal independence for local governments. It also forced them to seek maximal property tax revenues. The Czech Republic made more substantial transfers to local governments, but the development of fiscal autonomy was stifled as transfers reduced the need for own-source local revenues. The Czech real estate tax has remained nominal …
Review Of Northern Naval Superiority And The Economics Of The American Civil War By David G. Surdam, Jeffrey Rogers Hummel
Review Of Northern Naval Superiority And The Economics Of The American Civil War By David G. Surdam, Jeffrey Rogers Hummel
Faculty Publications
No abstract provided.
Transportation Rates, Monopsony Power And The Location Decision Of The Firm, Yeung-Nan Shieh, C.N. Yeh
Transportation Rates, Monopsony Power And The Location Decision Of The Firm, Yeung-Nan Shieh, C.N. Yeh
Faculty Publications
No abstract provided.
Technological Advancement: The Receding Case For Government Intervention, Daniel Klein, Fred Foldvary
Technological Advancement: The Receding Case For Government Intervention, Daniel Klein, Fred Foldvary
Faculty Publications
No abstract provided.
The Ethnic Question In Law And Development, Lan Cao
The Ethnic Question In Law And Development, Lan Cao
Faculty Publications
No abstract provided.