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Full-Text Articles in Macroeconomics
On The Impact Of Social Spending On Long-Term Economic Performance In The Usa, Jiayong Lu
On The Impact Of Social Spending On Long-Term Economic Performance In The Usa, Jiayong Lu
Undergraduate Honors Theses
This paper analyzes the dynamics of social spending and long-term economic performance in the United States from 1949-2019 using vector autoregression models. It breaks down social spending into six disaggregate programs to identify if different social programs have similar effects on the economy. Overall, the study finds that social spending increases private savings and the unemployment rate. Due to its dominant distortionary effects on the labor market, social spending decreases GDP. These effects are mostly short-term effects. The economic effects of the different social spending programs on the economy are similar in direction but different in magnitude. The effects of …
The Catalytic Effect And The Imf: The Relationship Between Capital Inflows And Imf Program Characteristics, Matthew Levinson
The Catalytic Effect And The Imf: The Relationship Between Capital Inflows And Imf Program Characteristics, Matthew Levinson
Undergraduate Honors Theses
Interventions of the International Monetary Fund (IMF) are believed to impact external capital inflows to recipient countries, which has the potential to amplify the overall effectiveness of IMF programs. However, the true extent of this catalytic effect remains debated. While previous studies have examined the catalytic effect of the IMF at the aggregate level, this research isolates specific types of IMF programs and analyzes their relationship with specific types of financial inflows for a better understanding of the heterogeneity in program effectiveness with respect to the catalytic effect. I find that program type plays a significant role in the strength …