Bruce Yandle
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Jun 17, 2013
The US economy is creating new wealth and growing employment, albeit at a slow pace. But uncertainty is the key word that describes the economic situation at mid-2013. There are major unknowns with respect to Fed policy, taxing and spending, the effects of Obamacare on employment, the implementation of Dodd-Frank financial reform, regulatory policy affecting the production of electricity, and the prospects for Europe’s recovery from an extended recession. Add to this pallid picture reductions in growth in China, India, and the developing world taking some of the edge off the global boom, which, in spite of that growth haircut, is still tugging away on America’s export growth.
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Keith Hall, Robert Greene
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Jun 12, 2013
While the Great Recession had a moderately less severe impact on Pennsylvania than on the nation as a whole, the state’s recovery since the height of the recession has been slower than the national average. Sluggish economic growth is slowing the pace of the state’s labor market recovery.
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Bruce Yandle
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Mar 01, 2013
There was only one lane open as I made my trip to Atlanta; the other three were blocked with those unhappy yellow and black make-believe barrels used by the highway folks. Traffic flow was constrained by efforts to repair potholes and broken pavement. We in the slow lane had little choice in the matter. Instead of 70, we were slowed to 20 miles per hour. We had to accept our fate, or find another route at the next exit.
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Eileen Norcross
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Feb 05, 2013
The sustainability of public sector pension plans is an issue of great fiscal concern for state and local governments in the United States. According to government reports, state public sector pension plans confront a total unfunded liability of $842 billion. Underfunding of this magnitude presents a serious fiscal problem for individual governments and will require a growing amount of budgetary resources to fund benefit promises to retired workers.
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Paul Dragos Aligica,
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Nov 01, 2012
The notion that state capitalism (an economic system “in which the state functions as the leading economic actor and uses markets primarily for political gain”) is a new form of capitalism emerging in the global arena has been recently advanced by several authors. This paper explores the problem of the nature of this system in the light of these claims to novelty.
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Emily Washington, Carmine Scavo
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Oct 15, 2012
This paper proposes a methodology for evaluating the operation and success of state government streamlining commissions. These commissions—typically appointed by governors or state legislatures—became increasingly popular in the last decade as a way to identify potential savings in state government by reducing redundancies and increasing efficiencies in state spending. Such changes contribute to creating a more business-friendly environment in states resulting in increased state competitiveness in economic development.
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Testimony & Comments
A Balanced Budget Amendment to the Constitution
Matthew Mitchell | Oct 04, 2011The Stimulus: Two Years Later
Russell Roberts | Feb 16, 2011State and Municipal Debt: The Coming Crisis?
Eileen Norcross | Feb 09, 2011Public Interest Comment on the Draft 2010 Report to Congress on the Benefits and Costs of Federal Regulations and Unfunded Mandates on State, Local, and Tribal Entities
Richard Williams, Jerry Ellig, John Morrall | Jul 06, 2010Crowdsourcing Accountability: How to Prevent Stimulus Waste and Fraud
Jerry Brito | Mar 20, 2009Transparency and Accountability in Louisiana
Maurice P. McTigue | Nov 28, 2007