What role does unconventional monetary policy - and particularly unconventional policies like private asset purchases under a quantitative easing or lender of last resort scheme - play in influencing economic growth directly? Emerging and developing countries' central banks could contribute to...

The Mercatus Center at George Mason University initiated its Regulatory Report Card project in 2009 to assess how well executive branch regulatory agencies conduct and use regulatory impact analysis and to identify ways to motivate improvement. Report Card evaluations reveal that agencies often...

Independent regulatory agencies face increasing pressure to conduct high-quality economicanalysis of regulations, similar to the regulatory impact analysis conducted by executive branchagencies. Such analysis could be required by evolving judicial doctrines, regulatory reformstatutes, or...

This paper develops a dynamic general equilibrium model to assess the effects oftemporary business tax cuts. First, the analysis extends the Ricardian equivalence result toan environment with production and establishes that a temporary tax cut financed by afuture tax-increase has no real effect...

Crises are a time when people look to their political leaders for action. For a President who was a master of shaping political narratives, COVID-19 offered an opportunity to use his messaging skills to steer the public response. Instead, COVID-19 revealed Trump’s long-standing inability to...

One of the most important social effects of the 2006 football World Cup was the feel-good effect. The present contribution is one of the first to deal with the development of a general theory for the management of feel-good effects and systematically analyses the influencing factors taking the...

Since 1974, executive orders have required executive branch regulatory agencies to produce some form of economic analysis when promulgating significant regulations. However, both case study research and regulatory analysis “scorecards” find that the quality of regulatory analysis varies...

Scholarly research demonstrates that Regulatory Impact Analysis often falls short of the standards articulated in executive orders and Office of Management and Budget guidance. More often than not, agencies do not appear to use the Regulatory Impact Analysis to inform major decisions. Regulatory...

During the COVID-19 pandemic, states grappled with the question of whether and to what extent to impose restrictions to slow the spread of COVID-19. We investigate whether state reliance on sales tax revenue, relative to other tax revenue sources, is associated with shorter durations of COVID-19...