Suchergebnisse

Tinkering toward accolades : school gaming under a performance accountability system / Julie Berry Cullen, Randall Reback -- An examination of student achievement in Michigan charter schools / Randall W. Eberts, Kevin M. Hollenbeck -- Does school choice increase school quality? Evidence from North Carolina charter schools / George M. Holmes, Jeff DeSimone, Nicholas G. Rupp -- Competition and accessibility in school markets : empirical analysis using boundary discontinuities / Stephen Gibbons, Olmo Silva -- The effect of school choice and residential location on the racial segregation of students / Hamilton Lankford, James Wyckoff -- Beyond achievement : enrollment consequences of charter schools in Michigan / Eugenia F. Toma, Ron Zimmer, John T. Jones -- The labor market impact of school choice : charter competition and teacher compensation / Lori L. Taylor -- Accountability, ability and disability : gaming the system? / David N. Figlio, Lawrence S. Getzler -- Do good high schools produce good college students? Early evidence from New York City / Hella Bel Hadj Amor, Amy Ellen Schwartz, Leanna Stiefel -- Efficiency and performance in Texas public schools / Timothy J. Gronberg, Dennis W. Jansen, George S. Naufal. - This volume brings together ten papers by outstanding researchers who tackle important economic issues surrounding school accountability reforms. The existing state of K-12 public education in the United States is perceived as unacceptable by a large number and wide variety of critics. How to improve upon this state is the subject of much disagreement. The public discussion is heated, and even the academic debate is often sharp. One common thread of argument stresses the need to increase accountability as a strategy for improving public school quality. There are two broad mechanisms for increasing accountability. If current outcomes are too low, then setting acceptable performance standards is one approach to generating quality improvements. The task becomes one of defining appropriate accountability standards and establishing a system of incentives to implement those standards. Alternatively, the low current performance may reflect weak productivity incentives traceable to the limited competition which many school operators face. The suggested remedy is a dose of increased choice, either increased public sector offerings such as charter schools or increased private sector choice via voucher-type programs. The papers in this volume employ relevant microeconomic analysis and current econometric techniques to better our understanding of these vital economic and public policy issues. It includes ten papers by leading researchers in the discipline. Included are works that assist in the understanding of important economic and public policy issues. It appeals to a wide audience of researchers in business, economics, microeconomics, and public policy disciplines

This paper examines a version of the Friedman k%money growth rule in an open economy monetary policy game. Using the two‐country model proposed by Canzoneri and Henderson (1991), we show that, in response to asymmetric aggregate demand shocks, the Pareto‐efficient outcome can be achieved by a policy that we call a k%money growth leadership rule. Following that rule, one country, the leader, sets her money supply growth rate, and the follower sets her money supply growth rate so as to keep the sum of nominal money supply growth at k%. We show that this policy yields the same outcome as does cooperative equilibrium. We also show that alternative policy rules, such as keeping exchange‐rate adjusted money supply growth at k%, or forming a currency union, will not lead to the Pareto‐efficient outcome in response to these demand shocks. (JEL E5, F3)