1 Examples of refundable tax credits include the earned income tax credit and the temporary “Making Work Pay” tax credit (see table C). Table C. Federal Refundable Tax Credit Programs Major Programs Program Dates Earned Income Tax Credit 1975–present Additional Child Tax Credit 1998–...
If a government complies with Golden Rule over a multi-year period, that’s almost always a recipe for good fiscal outcomes. But if politicians allows the burden of spending to climb faster than the productive sector of the economy, that usually creates conditions for budgetary troubles. As you...
When it comes to a job that provides you with good pay, perks & career growth, a government job is the one that comes to the mind of most people. There are lots of govt organizations that are releasing the exam dates and recruitment for the huge number of vacancies. We are providing ...
The policy is certainly Ricardian if the government reacts to the debt each and every period. To see this, let f* be a positive number arbitrarily close to zero. If f*≤ fj < 1 for all j, then the limit goes to zero. However, this is a very strong assumption, and it would not...
…She was…arrested because of just traffic infractions and missed court dates, Mrs. Williams said. She was, in essence, guilty of little else than being too poor to pay off her fines. Echoing what I wrote back in 2015, the author notes that this is not a problem unique to Alabama. ...
The government decides the initial level of bank debt, provides a public good funded by one-period bonds, and repays bondholders at t=1 applying an exogenous tax rate to the payoff of the productive technology. This payoff is stochastic. In the good state, the high payoff allows the ...
Utah - Government, Society, Politics: Utah’s constitution dates from statehood (1895). It guarantees basic personal freedoms consistent with the federal Bill of Rights, prohibits sectarian control of public schools, forbids “polygamous or plural marria
government over the manner in which environmental clean-up services were accounted for and charged. The engineering firm was accused of overbilling millions of dollars. The government agreed to settle the dispute without the engineering firm having to pay any allegedly over billed amount to the ...
Table 1 describes the sample selection process and its distribution across the sample period. The original sample includes 279 observations. However, there are 32 missing observations, thus the final sample contains 247 observations. Meanwhile, due to the unavailability of some dates, the sample distr...
When adebt instrumentmatures, the Treasury can pay the cash owed (including interest) and reduce its total debt by the amount of the payment or it can issue new securities, thereby maintaining a corresponding amount of debt. Debt instruments issued by the U.S. government are considered thesafe...