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Working Paper
The importance of the tax system in determining the marginal cost of funds
Croushore, Dean; Ahmed, Shaghil (1994)
Working Papers , Paper 94-7

Journal Article
Federal funds flow no bargain for Midwest
Erdevig, Eleanor H. (1986-01)
Economic Perspectives , Volume 10 , Issue Jan , Pages 3-10

Conference Paper
Causation, spending and taxes: sand in the sandbox or tax collector for the welfare state?
Sheffrin, Steven M.; Hoover, Kevin D. (1990-11)
Proceedings , Issue Nov

Working Paper
Global versus country-specific productivity shocks and the current account
Glick, Reuven; Rogoff, Kenneth S. (1993)
For G-7 countries over the period 1961-1990, there appears to be a strong and stable negative correlation between annual changes in the current account and investment. Here we explore this correlation using a highly tractable empirical model that distinguishes between global and country-specific shocks. This distinction turns out to be quite important empirically, as global shocks account for roughly fifty percent of the overall variance of productivity. An apparent puzzle, however, is that the current account seems to respond by much less than investment to country-specific productivity ...
International Finance Discussion Papers , Paper 443

Working Paper
State and local government spending--the balance between investment and consumption
Mattoon, Richard H. (1992)
Working Paper Series, Regional Economic Issues , Paper 92-14

Working Paper
Understanding the effects of a shock to government purchases
Fisher, Jonas D. M.; Edelberg, Wendy; Eichenbaum, Martin S. (1998)
This paper investigates the consequences of an exogenous increase in U.S. government purchase. We find the in response to such a shock, employment, output, and nonresidential investment rise, while real wages, residential investment and consumption expenditures fall. The paper argues that a simple variant of neoclassical growth model which distinguishes between nonresidential and residential investment is consistent with this evidence.
Working Paper Series , Paper WP-98-7

Working Paper
Wagner's hypothesis: a local perspective
Gronberg, Timothy J.; Eberts, Randall W. (1992)
Wagner's hypothesis of an expanding public sector as an economy develops is tested using pooled time-series cross-sectional data for U.S. states from 1964 to 1986. Comparing government size among fiscal jurisdictions within a single nation reduces the problems of data comparability and of controlling for cultural and institutional differences that plague the more common international tests of this theory. Our results are inconsistent with Wagner's hypothesis, yielding a negative relationship between public-sector size and output. However, some empirical support is found in the protective ...
Working Papers (Old Series) , Paper 9202

Journal Article
Government spending and the "falling rate of profit."
Aschauer, David Alan (1988-05)
Economic Perspectives , Volume 12 , Issue May

Report
The jointly optimal inflation tax, income tax structure, and transfers
Miller, Preston J. (1995)
The welfare-maximizing income tax structure, rate of money creation, and amounts of intergenerational transfers are jointly determined for given rates of government consumption. When government consumption is zero, it is found for the parameter values examined that the income tax structure is progressive, the rate of money change is negative, and positive transfers are made to the old. As government consumption increases, the tax structure's progressivity declines and turns increasingly regressive, the rate of money change rises, and transfers decrease. It is found that the bulk of the ...
Staff Report , Paper 193

Journal Article
Gasping over GASB
Wirtz, Ronald A. (2006-05)
Post-retirement health benefits could bring a shock to governments, retirees
Fedgazette , Volume 18 , Issue May , Pages 8-9

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