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Journal Article
New drilling technology
Economic shocks are not always negative. Indeed, this article suggests that the energy extraction industry is experiencing a positive shock caused by two new technologies - three-dimensional imaging and directional drilling. Combined, these techniques have lowered the net extraction costs of oil and gas. The new technologies are particularly advantageous for the kinds of fields characteristic of the Gulf of Mexico, and the article points to their early application in Louisiana as indicating the type of impacts one might expect as use of the technologies spreads. ; The authors conclude that ...
Journal Article
The federal budget deficit and the social security surplus
Working Paper
What's the surprise in money supply announcements?
Journal Article
Southeastern state government employment varied since recession
Journal Article
A liberal discussion of financial liberalization
Journal Article
The long-run outcome of a permanent deficit