The energy transition process depends on investments in clean technologies to cut down carbon emissions in various sectors of the economy. In a new working paper, visiting research fellow Osamah Alsayegh focuses on Arab Gulf states as a case study and proposes policies to mitigate the potential negative impacts of the transition process on affected sectors.
How much can demographic changes account for trends in the U.S. economy? This paper shows that a heterogeneous-agent, overlapping-generations model with historical demographic flows can generate several features of the U.S. economy over the past several decades, including a secular decline in economic growth, a rise in savings relative to GDP, a corresponding decline in real interest rates, and, in part, changes in wealth inequality.
The authors evaluate Argentina’s energy sector and test the hypothesis that investments in tight oil and shale gas extraction expose investors to fewer risks than extracting conventional oil and gas.
This working paper is part of a series titled “The Role of Foreign Direct Investment in Resource-Rich Regions.”
Gabriel Collins, Mark P. Jones, Jim Krane, Kenneth B. Medlock III, Francisco J. MonaldiFebruary 24, 2020
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.
Since the progressivity of the sales tax is difficult to directly measure, this paper introduces an indirect approach combining simulated household income with realizations of consumption behavior from survey data.
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.
In the early 2000s, the Inter-American Development Bank conducted a series of analyses evaluating the role of key actors in the public policymaking process in eight Latin American countries — Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay and Venezuela.
This working paper reviews the degree to which these eight country-level analyses still accurately portray the actors and their present-day roles in the policymaking process.
This working paper is one of a series submitted for the Oct. 1, 2015, Baker Institute event "Currency Policy Then and Now: 30th Anniversary of the Plaza Accord."
