In this paper, the sustainability of public debt is interpreted as the result of the interaction of fiscal policy with the economic environment, and not as a statistical concept as in most of the recent literature. If debt must not explode over time, policy makers have to respond to the changing conditions in the macroeconomic environment. This paper defines the conditions which will ensure com...

This bulletin is based on research conducted by Professor Gavin Wood and Dr Melek Cigdem at the AHURI Research Centre—RMIT University, and Ms Deb Batterham and Professor Shelley Mallett at Hanover Welfare Services. The research examined, for the first time, the geography of homelessness in Australia and its relationship to potential structural drivers of homelessness (specifically housing and l...

T his volume describes changes in the workplace for Americans who do not earn enough to support themselves and their families. The number of such workers is substantial. In 2001 about 34 million Americans, 23.9 percent of the labor force, earned less than $8.70 an hour (Mishel, Bernstein, and Boushey 2003, table 2.9). Working full-time for the entire year at this wage produces annual earnings o...

20 z Prescriber 5 September 2014 prescriber.co.uk After 12 months of secret planning, the Conservative’s plans for reforming the NHS were outlined in Working for Patients, published in January 1989.1 The white paper voiced government concerns over public spending on drugs: ‘Expenditure on medicines has grown on average by 4 per cent a year above the rate of inflation over the past five years’, ...

Jinzhu Duan, Costin Gherghe, Dianxin Liu, Eric Hamlett, Luxman Srikantha, Laurel Rodgers, Jenna N Regan, Mauricio Rojas, Monte Willis, Andrew Leask, Mark Majesky and Arjun Deb* Department of Medicine, McAllister Heart Institute and Lineberger Comprehensive Cancer Center, University of North Carolina, Chapel Hill, NC, USA, Department of Cell and Molecular Physiology, McAllister Heart Institute a...

The standard intertemporal model of open economy with a dynamic budget constraint predicts that investment and saving should be cointegrated as long as the economy does not violate its budget constraint. Recent empirical studies of the long run investment-saving comovement for the 1947:1–1987:3 period US data, however, report conflicting findings: some studies find that the time series of inves...

Stephen E. Schauer, Teresa A. Golden, Delwin S. Merchant, Biranchi N. Patra, Jean D. Lang, Sumita Ray, Bulbul Chakravarti, Deb Chakravarti, and Animesh Ray Department of Biology, University of Rochester, Rochester, NY 14627, USA and Keck Graduate Institute, 535 Watson Drive, Claremont, CA 91711, USA Address communication to: Animesh Ray, Keck Graduate Institute, Claremont, CA 91711; Phone: (909...

We use the PISA student-level achievement database to estimate international education production functions. Student characteristics, family backgrounds, home inputs, resources, teachers and institutions are all significantly related to math, science and reading achievement. Our models account for more than 85 percent of the between-country performance variation, with roughly 25 percent accruin...