Automatic Stabilizers in a Low-Rate Environment
With interest rates persistently low or even negative in advanced countries, policymakers have barely any room to ease monetary policy when the next recession hits.
Research
Tax Reform for Progressivity: A Pragmatic Approach
In the coming decades, federal spending will need to grow just to enable the government to continue to provide the services it does today.
The Future of U.S. Carbon-Pricing Policy
There is widespread agreement among economists—and a diverse set of other policy analysts—that at least in the long run, an economy-wide carbon-pricing system will be an essential element of any natio
Innovation Policy and the Economy
American technological creativity is geographically concentrated in areas that are generally distant from the country’s most persistent pockets of joblessness.
Fundamentals of Regulatory Design
The modern regulatory world is crowded with ideas about different regulatory approaches including, among others: performance-based regulation, self-regulation, light-touch regulation, right-touch regu
Climate Change, Climate Policy, and Economic Growth
The topics of climate change and climate change policy encompass a complex mixture of the natural sciences, economics, and a mass of institutional, legal, and technical details.
Evaluating Regulatory Performance: Learning from and Institutionalizing Retrospective Analysis of EPA Regulations
A well-functioning environmental regulatory program makes the American people better off by protecting the air we breathe, water we drink, and food we eat.
First-Price Auctions with Budget Constraints
Consider a first-price sealed-bid auction with interdependent valuations and private budget constraints.
How to Increase Growth While Raising Revenue: Reforming the Corporate Tax Code
Despite the substantial revenue potential of corporate taxation, the United States currently collects about the lowest corporate revenue (only 1 percent of U.S. GDP) among the advanced economies.
The Direct Effect of Taxes and Transfers on Changes in the U.S. Income Distribution, 1967–2015
Scholars have increasingly drawn attention to rising levels of income inequality in the United States.
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