Economics, Finance

Using the Modigliani approach, the effects of a fixed
rule growth rate and a semi-rule growth rate are compared
to the growth rate under the discretionary policy of the
West German monetary authorities. This type of analysis
has previously been completed for the United States
economy which is considered a relatively closed economy.
In contrast, the West German economy is open, that is,
it is very dependent upon trade for survival. Therefore,
the impact of this difference is the major point to be
examined.

This research was done under an internship program for
Deerfield Beach, Florida. Costs of providing municipal services
to land outside the city were projected as were revenues
expected to accrue to the city. Projections were made both
for the current level of development, and for that time when
the land was developed at its ultimate holding capacity.
Projections for the near future clearly showed that revenues
would exceed costs for land which is currently developed.
Costs would exceed revenues if services were extended to
undeveloped lands. Projections based on the ultimate holding
capacity were less certain. For most of the land area, property
tax revenues would yield revenues equal to about half
of expected expenditures. Uncertainties prevented estimation
of total revenues for the long run.
The focus of this thesis was on direct, tangible costs
and revenues. Intangible aspects were stated, but not
evaluated.