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135 Results
Coins and scale
Nonlinear Taxation in an Economy With Heterogeneous Firms and Heterogeneous Households
In an economy with heterogeneous firms and heterogeneous consumers, the authors describe a general equilibrium where firm equity is priced by a supply and demand process. With a model robust to arbitrary, nonlinear tax functions, they investigate the efficiency of replacing the current U.S. tax regime with a policy of no corporate taxes and taxation of capital distributions to the household at progressive personal income tax rates.
Jorge Barro, Efraim Berkovich November 21, 2017
Trade containers behind a fence.
NAFTA Does Not Matter as Much as You Think (But Renegotiation Matters a Lot)
Most analysis of NAFTA begins by citing the huge increase in bilateral trade between the U.S., Canada and Mexico since 1993. U.S.-Mexico trade—exports plus imports—has grown three and a half times faster than U.S. GDP since NAFTA began in 1994. If NAFTA were solely responsible for that trade, renegotiating it on more favorable terms might have big payoffs. However, there are seven problems with thinking NAFTA has mattered or can matter very much.
Russell Green, Tony Payan June 19, 2017
Globe showing Americas
The North American Nexus
Ambassador Edward P. Djerejian, director of the Baker Institute, makes the case for a comprehensive North American strategy in which the U.S., Mexico and Canada act in concert to become the global superpower of the 21st century.
Edward P. Djerejian February 1, 2017