Why should developing countries buy expensive catastrophe (CAT) insurance? Abstracting from risk aversion or hedging motives, we find that…
We document the link between increased levels of economic and policy uncertainty and unemployment at the state-level during the 2007-2009…
Many organizations have budgets that expire at the end of the fiscal year. Faced with uncertainty
over future spending demands, these…
The canonical theory of taxation holds that the incidence of a tax is independent of the
side of the market which is responsible for…
America today continues to confront a competitiveness challenge of too few jobs and too little economic growth. The good news
is there is a…
Congress appears to have temporarily fixed the problem by allowing the Federal Aviation Administration to respond to sequestration more…
Why are public-sector workers so heavily compensated with pensions and other non-pecuniary benefits? In this paper, we present a political…
When I hear free-spending national leaders call for more infrastructure investment, I think of Detroit’s absurd People Mover monorail…
Last week, Governor Patrick proposed increasing the income tax and eliminating over $1.25 billion worth of deductions to “support our…