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Update on Health Care Reform Legislation
James Capretta has a good article on The New Atlantis website updating the status of the various Senate bills under consideration which deal with health care reform. What they have in common is they are likely to cost more than originally expected.
Paper: What are the Effects of Fiscal Policy Shocks
Link to paper
Andrew Mountford and Harald Uhlig recently released a working paper called, What are the Effects of Fiscal Policy Shocks. The paper looks at the affects of various fiscal policies on GDP, which is an important topic given the current Congressional debate on the need for further stimulus spending.
The three were: deficit spending; [...]
Washington Post: Power of Stimulus Slow to Take Hold
Here is an article in the July 8 The Washington Post about the status of the stimulus spending and whether there is a need for an additional spending bill. This comes on the heals of the higher than expected unemployment numbers released last week.
In the paper section of this site, there is a link to [...]
Paper: Optimal Taxation in Theory and Practice
Link to Paper
Harvard economists N. Gregory Mankiw, Matthew Weinzierl, and Danny Yagan recently published a paper which looked at the “interplay between tax theory and tax policy.” It rightly shows that there is a wide dichotomy between the tax theories proposed by academic economists and what is actually implemented in Washington and the state capitals. The authors [...]
In The News
US Congressional Budget To Extend Current Estate-Tax Law
Tax Expenditures and Business Cycle Fluctuations
Link to Paper
Most experts agree the cause of the current economic downturn—the bursting of the housing bubble in 2007. Some economists argue the creation of the bubble was the result of government intervention in the housing market, e.g. low interest rates, support of Fannie Mae and Freddie Mac, and through the tax code with the [...]
In The News
Lawmakers Debate Tax on Health Benefits
In the News
On Tax Day, Tea Parties, Free Food and Calls for Reform
In The News
Tax Code Changes: Maybe Next Year
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