The Bill for America's Longest War Is Still Unpaid
Professor Linda Bilmes discusses funding for post-9/11 wars.
Research
Destination Basis with Border Adjustment as Tax Policy and as Macroeconomic Policy
The US corporate tax system is broken. A combination of high rates, a dysfunctional international system, and a narrow base lead to distortions in business investment and increased complexity.
Trump's Proposed Defense Splurge Flunks Basic Math
Professor Linda Bilmes discusses President Donald Trump's proposed defense spending priorities.
Making Moves Matter: Experimental Evidence on Incentivizing Bureaucrats through Performance-Based Transfers
Bureaucracies often post staff to better or worse locations, ostensibly to provide incentives. Yet we know little about whether this works, with heterogeneity in preferences over postings impacting ef
Privatization
Enrollee Choices After Their Health Plans Are Terminated: Default Effects Versus Persistent Preferences
Behavioral economic research has established that defaults, one form of nudge, powerfully influence choices. In most policy contexts, all individuals receive the same nudge.
Risky Choices: Simulating Public Pension Funding Stress with Realistic Shocks
State and local government pension funds in the United States collectively manage a very large and diverse pool of assets to meet the even large sum of accrued liabilities.
Niveau d'Accès et Investissement dans les Réseaux de Télécommunications
Federal Budget Policy with an Aging Population and Persistently Low Interest Rates
Relative to the size of the economy, U.S. federal debt is larger now than at any time since the end of World War II.
The Perils of Debt Complacency
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