Research Library

The unemployment insurance (UI) system is facing a perfect storm of problems: the pandemic has led to a surge in jobless claims, which is severely straining state UI trusts that weren't fully prepared for a recession. This report reviews the UI system and potential measures to mitigate challenges current downturn.

Public finance fellow Joyce Beebe explores California’s tax voucher program, which, if implemented, would offer Californians the option of paying state taxes ahead of time at a discount, allowing the state to collect money up front to build an economic recovery fund. Baker Institute Blog: https://bit.ly/3f75eGm

The authors offer strategies to counter an increasingly aggressive China and to position the Indo-Asia-Pacific for continued prosperity and growth under a rules-based regional system. Their recommendations comprise a dynamic blend of diplomatic, information, military and economic action.

In testimony before the Texas House of Representatives Criminal Jurisprudence Committee, Neill Harris expressed support for limiting arrests for fine-only offenses and expanding cite-and-release eligibility to include nonviolent misdemeanors and low-level drug possession. These changes will save taxpayers money and reduce the racially disparate burdens of incarceration without compromising public safety, she said.

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.

In late July, Texas Comptroller Glenn Hegar delivered a bleak economic outlook for the state’s economy: the amount of general revenue funds available for the current biennium is expected to be $11.5 billion less than originally estimated. Should the state tap into its rainy day fund to offset the impact of the coronavirus pandemic and facilitate a stable recovery?

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.

In this paper, authors examine the concerns raised by a new wealth tax and analyze the economic effects of the tax using a computable general equilibrium model.

Gabriel Collins, the Baker Botts Fellow in Energy & Environmental Regulatory Affairs, analyzes the impact of China’s emerging demographic decline, debt burden and increasingly likely structural economic growth downshift on global oil and gas markets.