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.
The PJD's pragmatic politics — intended to maintain the king’s support and appeal to heterogeneous constituencies — failed to protect the party from fragmentation and moves to weaken it.
By Laila Elimam
Protests erupted in Jerada, Morocco, after the deaths of two brothers who were killed in the nearby abandoned mines. Research associate Laila Elimam examines this event and the response of the Moroccan legislature.
Morocco's Justice and Development Party attempts to preserve its leading political position by presenting itself as an alternative to a system that, according to the PJD, is corrupt and morally bankrupt.
Morocco's monarchy preserves its power by maintaining a balance among the country’s 33 political parties, preventing the emergence of a strong party, and further dividing an already fragmented political elite. The author examines how the Justice and Development Party (PJD) has survived and grown under such constraints.
The responses of Morocco's monarchy to the rise of the PJD are examined for what they suggest about the monarchy’s perception of its vulnerabilities and because they help to frame the environment in which the PJD and the regime operate.
This issue brief summarizes the debate over regulatory complexity, outlines a proposal from the Federal Reserve that would simplify bank capital regulations and another from the OCC that would push the financial regulatory system toward greater complexity, and recommends reforms to help improve financial stability.