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Federal grants during the eighties

Federal grants policy changed significantly during the eighties. Grants to states and localities decreased as a share of GDP, the first sustained decline in aid since the forties. Restrictions on the use of federal funds were eased with the conversion of categorical matching aid programs into unconditional block grants. At the same time, aid to individuals rose at the expense of other major grants categories. Taken together, these changes in federal grants tended to decrease state and local government investment in physical and human capital. I estimate that the decline in federal grants for ...
Research Paper , Paper 9508

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A simple model of bank loan commitments and monetary policy

Research Paper , Paper 9010

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The impact of stock index arbitrage on equity markets - theory and evidence

Research Paper , Paper 8707

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Short-term speculators and the origins of near-random walk exchange rate behavior

Research Paper , Paper 9221

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Evidence on stock market speculative bubbles: Japan, United States and Great Britain

Research Paper , Paper 8810

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Bank loan commitments and the transmission of monetary policy

Research Paper , Paper 9009

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A comparison of market making structures

Research Paper , Paper 8821

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Noise trading and the effectiveness of sterilized foreign exchange intervention

Research Paper , Paper 9111

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Foreign direct investment in U.S. manufacturing: effects on the trade balance

Research Paper , Paper 9032

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What moves the discount on country equity funds?

Research Paper , Paper 9324

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Hardouvelis, Gikas A. 15 items

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