Publications

What the Tax Cuts and Jobs Act Means for Tax Expenditures

| 20 June 2019
Blog, Fiscal | Tags: Income Tax, Inequality, Tax Expenditures
In a new paper, my former Tax Policy Center colleague Daniel Berger and I calculate that the 2017 Tax Cuts and Jobs Act (TCJA) modestly reduced the cost of tax expenditures in the individual income tax and made them slightly less regressive. We estimate that ... continue reading

The Low-Skill Losers

| 30 April 2019
Blog, Monetary | Tags: Employment, Federal Reserve, Inequality, QE
The Fed is devoting increasing analytical – if not yet policy-maker – attention to the unequalizing impact of unconventional policy. It’s a start – a major problem besetting central banks in countries without a robust middle class – i.e., the U.S. – is that ... continue reading

Firm Heterogeneity in Services Trade: Micro-Level Evidence from Eight OECD Countries

, and | 18 April 2019
Trade, Working Papers | Tags: Services Trade
This paper shows that smaller and less productive firms, as well as first-time exporters are overproportionally affected by services trade barriers using micro-data from Belgium, Finland, Germany, Italy, Japan, Sweden, the United Kingdom, and the United States. ... continue reading

Fiscal Transparency: The Case of Tax Expenditures in Developing Countries

| 11 April 2019
Blog, Fiscal | Tags: Tax Expenditures
In recent years, more developing countries have started reporting on their tax expenditures, however the quality of reporting needs to improve if it is to usefully contribute to fiscal transparency and the debate on domestic revenue mobilization. ... continue reading

Taxation in Aging Societies – Increasing the Effectiveness and Fairness of Pension Systems

, , , and | 28 March 2019
Fiscal, Policy Briefs | Tags: Inequality, Pensions, Tax Expenditures
Population aging is accelerating worldwide and has significant socio-economic implications, including a decline in the size of the labour force, an increase in the age-dependency ratio and a redistribution of income and wealth. Hence, the redesign of pension systems has become a priority. Taxation is ... continue reading