Successful public sector reform is rare in Africa. Over twelve years, Ethiopia transformed its public financial management (PFM) to…
The Low Income Housing Tax Credit (LIHTC) represents a novel tax expenditure
program that employs “investable” tax credits to spur…
This paper examines premises and data underlying the assertion that some financial institutions in the U.S. economy were "too big to fail"…
The recent collapse of the mortgage market revealed fractures in the credit market that have deep roots in the system's structure, conduct…
The recent financial crisis has led many to question how well businesses deliver
consumer financial services and how well regulatory…
While the federal deficit captures the news headlines, there is a deep and pervasive fiscal crisis in state finance. This crisis is largely…
We use a rich dataset of weekly cigarette sales to examine how consumers adapt their behavior before and after excise tax increases -…
This analysis argues that blame for the financial crisis falls specifically and heavily on a broad range of the private players and public…
In this paper, we provide new evidence regarding the pass-through of diesel and gasoline taxes to prices, and how the estimated pass-…
This paper, written for a conference at the Fordham University Law School, examines
various facets of the “too big to fail” debate. It…