Solvency of counter-cyclical policy rules

Article Abstract:

Policy rules are obtained to preserve the public sector's solvency. An optimal counter-cyclical rule for money growth resolves the conflicts that arise when an accelerationist Phillips curve is paired with an aggregate demand curve. However, the optimal counter-cyclical rule does not conform with traditional public finance practices. Instead, increases in public spending contribute to permanent higher levels of government debt, inflation, monetary growth, taxation and unemployment.

Economic aspects, Monetary policy, Public sector

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Discriminatory public procurement policy and cost reduction incentives

Article Abstract:

A model based on existing studies by McAfee and McMillan (1989) and Branco (1994) was considered to analyze occurrences of bias in government procurement contracts. It is acknowledged that local firms enjoy the advantage of being favored by their governments in public contract bidding. Sound policies can be formulated through a remodeled Vickrey auction or a new first price auction method to save on costs.

Letting of contracts, Competitive bidding, Government purchasing, Public contracts, Government contracts

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Government decision-making and the incidence of federal mandates

Article Abstract:

A discussion of the impact of federally-mandated programme alterations on state spending and revenues is presented. It is suggested that there is a federal-state system in which states have different objective functions from each other and from the federal government. Optimization is limited by the political characteristics of the budgeting system.

State & Local Govt Finance NEC, Government spending policy

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