Taxes
- Working Paper
A Putty-Clay Model of Business Fixed Investment: Technical Paper 2003-09
In this paper, I specify and estimate a model of investment using ex post fixed proportions, or putty-clay capital, for five categories of business fixed investment.
- Working Paper
Alternative Methods for Projecting Equity Returns: Implications for Evaluating Social Security Reform Proposals: Technical Paper 2003-08
The effect upon Social Security benefits resulting from the introduction of individual accounts depends on potential risks and returns of private equities, yet evidence about determinants of stock market risks and returns is mixed.
- Working Paper
Forecasting Deposit Growth: Forecasting BIF and SAIF Assessable and Insured Deposits: Technical Paper 2003-06
This paper develops a new method of forecasting growth in the deposits of financial institutions for use by CBO in projecting receipts and expenditures of the Federal Deposit Insurance Corporation (FDIC).
- Working Paper
The FHA Budget Subsidy Simulation System: A Dynamic Simulation Model of Budget Outcomes for FHA Single-Family Mortgage Insurance: Technical Paper 2003-07
This paper introduces a dynamic simulation model of value to the government from FHA single-family mortgage insurance.
- Working Paper
International Trade and U.S. Productivity: Technical Paper 2003-05
We argue that trade can affect domestic productivity through economies-of-scale effects, competition effects, reallocation effects, and spillover effects. We then estimate the net impact of these effects.
- Working Paper
Modeling Long-Run Economic Growth: Technical Paper 2003-04
This paper reviews empirical literature on long-run growth to determine what factors influence growth in total factor productivity and whether there are any channels of influence that should be added to standard models of long-run growth.
- Working Paper
The Economic Costs of Reducing Emissions of Greenhouse Gases: A Survey of Economic Models: Technical Paper 2003-03
This paper reviews studies in order to assess the economic cost of limiting greenhouse emissions through a system of tradable emissions permits and investigates the impact of alternative rules for trading.
- Working Paper
Testing for a Bequest Motive Using Cross-State Variation in Bequest Taxes: Technical Paper 2003-01
This paper attempts to determine whether bequests are intentional or accidental by looking at the effect of state bequest taxes (estate or inheritance taxes) on the giving of gifts while people are alive.
- Working Paper
Consumption Taxes and Economic Efficiency in a Stochastic OLG Economy: Technical Paper 2002-6
Fundamental tax reform is examined in a heterogeneous overlapping-generations life-cycle model in which agents face idiosyncratic earnings shocks and uncertain life spans.
- Working Paper
Modeling the U.S. Current Account as the Savings-Investment Balance: Technical Paper 2002-5
This paper derives and estimates a current account model from the perspective that the current account balance is the difference between national savings and investment.