Tomanek Hall: Letter, to Gloria Timmer, from President Edward Hammond

A detailed briefing to Gloria Timmer, Director of the Division of the Budget, Department of Administration, from President Hammond regarding the status of the proposed physical sciences building. Also includes a budget estimate, a federal assistance budget form, and budget explanation information.https://scholars.fhsu.edu/tomanek/1007/thumbnail.jp

A Model of Ukrainian Macroeconomic Indicators

In this paper we present the macroeconomic model elaborated by the Modeling Group of the International Center for Policy Studies. This paper includes the theoretical background as well as a detailed explanation of the two parts of the model: forecasting of nominal GDP and inflation and forecasting of consolidated budget revenue.Ukraine, macroeconomy

Note to J. Wesley Cochran enclosing SEAALL budget, June 13, 1989

A note from Mary Smith Forman to J. Wesley Cochran enclosing a copy of the SEAALL budget and a detailed explanation of budget items

Income mobility, unemployment and GDP

This paper attempts to identify macroeconomic factors of income mobility. Explored is the relationship between biannual relative income mobility, the relative change in the unemployment rate and the relative change in GDP. A theoretical model is proposed which provides an explanation of the nature of this relationship. It is then verified using household budget data from the CHER database.income mobility ; unemployment ; GDP

Athletics at Western Kentucky University

Donald Zacharias\u27 comments regarding the funding of intercollegiate athletics and explanation of the budget process

Market reform and state paternalism in Hungary: a path-dependent approach

Hungary is one of the worst-hit countries of the current financial crisis in Central and Eastern Europe. The deteriorating economic performance of the country is, however, not a recent phenomenon. A relatively high ratio of redistribution, a high and persistent public deficit and accelerated indebtedness characterised the country not just in the last couple of years but also well before the transformation, which also continued in the postsocialist years. The gradualist success of the country – which dates back to at least 1968 – in the field of liberalisation, marketisation and privatisation was accompanied by a constant overspending in the general government. The paper attempts to explore the reasons behind policymakers’ impotence to reform public finances. By providing a path-dependent explanation, it argues that both communist and postcommunist governments used the general budget as a buffer to compensate losers of economic reforms, especially microeconomic restructuring. The ever-widening circle of net benefiters of welfare provisions paid from the general budget, however, has made it simply unrealistic to implement sizeable fiscal adjustment, putting the country onto a deteriorating path of economic development

A RMSM-X model for Turkey

To improve the Bank's macroeconomic modeling capabilities, a continuum of macro models referred to as RMSM-X and RMSM-XX are being developed. These models share a common accounting framework that ensures economic consistency among economic sectors. This paper shows how to specify the budget constraints and market clearing conditions in a RMSM-X model for Turkey. An overview of the system defined by the RMSM-X model, the debt module (DM) and the data base is presented, along with a detailed explanation of the theoretical model. Alternative closure rules are discussed and the debt model is presented. This paper also includes annexes which present a complete set of historical data and an explanation of how the data was constructed.Economic Theory&Research,Environmental Economics&Policies,Banks&Banking Reform,Economic Stabilization,Financial Intermediation

Bureaucrats, politicians and reform in Whitehall: analysing the bureau-shaping model

Dunleavy's bureau-shaping model has breathed new life into existing debates about the behaviour of senior bureaucrats. This article assesses the utility of this model as an explanation of the development of Next Step agencies in the last decade in Britain, using data drawn from a series of extensive interviews with senior civil servants. Our conclusion is that, although the bureau-shaping model represents a significant advance on previous models of bureaucratic behaviour that stress budget maximization, it is flawed. In particular, we argue that: it pays insufficient attention to the broader political context within which civil servants operate; mis-specifies bureaucrats' preferences; and oversimplifies the distinction between managerial and policy advice work. More specifically, we suggest that any explanation of the development of Next Steps agencies needs to recognize that: politicians rather that civil servants played the major role in their creation; the strategic calculations of bureaucrats were significantly more sophisticated than the model assumes; and the consequence of the reforms has been that senior civil servants have played a greater, rather than a more limited, management role

Intra-Generational Externalities and Inter-Generational Transfers

In an environment with asymmetric information the implementation of a first-best efficient Clarke-Groves-Vickrey (D’Aspremont-Gérard-Varet) mechanism may not be feasible if it has to be self-financing. By using intergenerational transfers, the arising budget deficit can generally be covered in every generation if the growth rate of the economy is positive. This result yields an alternative explanation for the existence of pay-as-you-go financed transfer mechanisms.pay-as-you-go, externalities, mechanism design, adverse selection

2022-01-20 Follow-up on Athletic Costs

A presentation delivered to the Faculty Senate on January 20, 2022 following up on an earlier explanation on the budget of the Athletics Department