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- Working Paper
We estimate the marginal propensity to consume (MPC) out of permanent and transitory shocks to house price appreciation.
- Working Paper
This paper is intended to be pedagogical rather than a presentation of original research.
- Working Paper
This paper describes the infinite-horizon general equilibrium model that, among other models, CBO uses for its analysis of the President's budgetary proposals.
- Working Paper
We compare the performance of a subset of CBO's economic forecasts against that of an unrestricted vector autoregression (VAR) model.
- Working Paper
This paper undertakes a new strategy to estimate emigration rates among U.S. immigrants by inferring the probability of emigration using longitudinal administrative earnings data from 1978 through 2003.
- Working Paper
This paper considers alternative ways to privatize the U.S. Social Security system. It does so using a new rational-expectations simulation model based on the Auerbach and Kotlikoff (1987) model.
- Working Paper
Equivalence Scales, the Income Distribution, and Federal Taxes
- Working Paper
In this report, we examine the treatment of government in a national retail sales tax, with emphasis on three issues.
- Working Paper
Who Bears the Burden of the Corporate Tax (and Why)?: The Open Economy Case
- Working Paper
Privatizing Versus Prefunding Social Security in a Stochastic Economy