Research Library

Analysis of Federal Reserve survey data released in September 2020 shows that U.S. wealth inequality has declined for the first time in 30 years.

Public finance fellow Jorge Barro examines the Federal Reserve’s aggressive financial market response to the Covid-19 pandemic and asserts that without its use of unconventional policy tools, adverse outcomes could have spread to other areas of the economy, disproportionately impacting low-income households.

How are debt projections and the interest rate tied to broad demographic transformations underway in the U.S. and across the world today? And how worried should we be by rising federal debt? Tune in to this Policy Matters podcast with public finance fellow Jorge Barro to find out: https://bit.ly/2zhIG4M

The authors discuss a U.S. House proposal to repeal the cap on the state and local tax deduction and why that would be a mistake, especially given the pandemic and the policy responses that should be enacted. Baker Institute Blog: https://bit.ly/3e3qHix

How might the impending national debt crisis play out in the foreseeable future? Jorge Barro explains in the Baker Institute Blog.

Given that policymakers will eventually need to decide how to resolve the social security program’s projected shortfall, this paper presents a simulation-based approach to evaluating the conventional alternatives of adjustments to benefits or taxes.

Fellow Jorge Barro studies U.S. capital markets to provide a long-term outlook on the macroeconomic consequences of unbalanced debt growth.

This working paper explores the role of net operating loss carryforwards (NOLCFs) in the decision-making and valuation of large firms.

In this paper for the Texas Public Policy Foundation, fellows Jorge Barro and John W. Diamond examine the history behind Texas’ property tax system, recent attempts to reduce the growing magnitude of the property tax burden, and the economic effects of two options for eliminating the school maintenance and operations (M&O) property tax: https://bit.ly/2zIZRZy 

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.