While recent headlines announce that President Biden's proposed budget will drive the national debt past WWII levels, fellow Jorge Barro explained in November 2020 that a projected surge will be very different from the 1940s.
Public finance fellow Jorge Barro analyzes Federal Reserve survey data released in September 2020 that shows that U.S. wealth inequality has declined for the first time in 30 years.
The authors present a case study that considers the technological merits of methane pyrolysis while also addressing real-world implications including health and safety risks and commercial risks for introducing new carbon supply chains.
This issue brief is a preliminary paper introducing forthcoming research that will be expounded upon in future publications.
DOI: https://doi.org/10.25613/7tvg-6k39
Energy fellow Rachel A. Meidl examines federal and international efforts to assess the safe transport of crude oil by rail and to specifically consider the roles of vapor pressure and volatility in accident scenarios.
There is a growing global momentum to address the critical economic and environmental problem of plastic waste management. Fellow Rachel A. Meidl discusses the key elements and causes of this problem and explores policy actions for reducing the reliance on single-use plastics.
The 2018 utility fires north of Boston revealed opportunities for PHMSA to reassess and remodel strategic enterprise operations that ensure continuous improvement and sustainability in business practices, regulation review and development, collaboration across the agency, and transparency, writes fellow Rachel A. Meidl.
On August 31, 2018, the Federal Energy Regulatory Commission (FERC) and Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a Memorandum of Understanding (MOU) with the shared goal of accelerating and streamlining the permit application review process for proposed LNG facilities. Fellow Rachel A. Meidl explores the significance and possible impact of this MOU.
The 2017 Tax Cuts and Jobs Acts offers a starting point for compromise to revitalize the corporate income tax, fellows Jorge Barro and Joyce Beebe write in this issue brief.
This issue brief presents the results of a dynamic model similar in nature to the macroeconomic models used by the Congressional Budget Office and Joint Committee on Taxation in evaluating the Tax Cuts and Jobs Act of 2017. The model shows a modest decline in wealth inequality due to the corporate tax cuts in the TCJA.