Science Policy and Tight Budgets

science, technology and innovation policy

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Science and public policy.

History of science and American science policy.

Historians of science have participated actively in debates over American science policy in the post-World War II period in a variety of ways, but their impact has been more to elucidate general concepts than to effect specific policy changes. Personal experiences, in the case of the debate over global warming, have demonstrated both the value and the limits of such involvement for the making o...

Demography as social science and policy science

Markov-Perfect Optimal Fiscal Policy: The Case of Unbalanced Budgets∗

In most developed economies, income tax rates and government debt levels are positive and sizable. In the US, effective income tax rates have been in the order of 20%, and outstanding public debt represents about 60% of GDP. The main question we pose in this paper is: can these numbers be accounted for as the outcome of a government’s welfare maximization program in a neoclassical economy? To a...