At this member-exclusive webinar, John W. Diamond, the Edward A. and Hermena Hancock Kelly Fellow in Public Finance and director of the Center for Public Finance at the Baker Institute, discussed the macroeconomic effects of a fiscal plan that expands the stock of public capital and is fully financed with higher taxes, similar to the initial plan proposed by the Biden presidential campaign. He presented on the net effect of raising revenues that are used to finance pure public investment, and how that leads to an increase in the public capital stock that is assumed to enhance the productivity of the private factors of production.
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Noon — Presentation
12:30 p.m. — Q&A
John W. Diamond, Ph.D., is the Edward A. and Hermena Hancock Kelly Fellow in Public Finance and director of the Center for Public Finance at the Baker Institute, an adjunct professor of economics at Rice University and CEO of Tax Policy Advisers, LLC. His research interests are federal tax and expenditure policy, state and local public finance, and the construction and simulation of computable general equilibrium models. His current research focuses on the economic effects of corporate tax reform, the economic and distributional effects of fundamental tax reform, taxation and housing values, public sector pensions, and various other tax and expenditure policy issues.
Diamond is co-editor of "Pathways to Fiscal Reform in the United States" (The MIT Press, 2015) and “Fundamental Tax Reform: Issues, Choices and Implications” (The MIT Press, 2008). He has testified before the U.S. House Ways and Means Committee, the U.S. House Budget Committee, the Senate Finance Committee, the Joint Economic Committee and other federal and state committees on issues related to tax policy and the U.S. economy. Diamond served as forum editor for the National Tax Journal (2009-2017) and on the staff of the Joint Committee on Taxation, U.S. Congress (2000-2004). He has also served as a consultant for the World Bank on the efficacy of structural adjustment programs.
He received his Ph.D. in economics from Rice University in 2000.