The study of the incidence of the U.S. tax system has a long and impressive history that has proceeded along many different complementary paths.

We construct a computational dynamic stochasticand explore the impact of policy stickiness on optimal long-run fiscal policy.

This volume is an invaluable guide for policymakers facing important decisions about environmental taxation, marginal tax rates, dividend taxation, and the taxation of business investment.

Recent failures of monetary and fiscal policy reflect deficiencies in prevailing theories of demand management. Taking available data into account, this book discusses the merits and shortcomings of Keynesian and monetarist approaches and develops the lines along which our theories need to be...

The identification is made of those conditions by which it is possible to generate synergy or mutually enforcing relations between economic development and environment conservation with the perspective of a systems entropy flow limits. Monetary and fiscal policies are the framework of structural...

The political economy literature presents a number of models that explain how political institutions influence economic outcomes. The aim of this paper is presentation of theoretical and empirical research that explain fiscal policy outcomes under proportional and majoritarian elections, and...

El estallido de la burbuja residencial en los Estados Unidos, a principios del 2007, rápidamente afecto al sector financiero no bancario y a los nuevos instrumentos crediticios y de seguros que se habían desarrollado al margen de las regulaciones nacionales e internacionales. Su efecto se...

This paper studies the design of optimal fiscal policy when a government that fully trusts the probability model of government expenditures faces a fearful public that forms pessimistic expectations. We identify two forces that shape our results. On the one hand, the government has an incentive...

The aim of the article is to examine the impact of progressive personal income tax rates and the effectiveness of this tax as an automatic economic stabilizer. The assessment of automatic stabilizers is based on the estimates of tax cyclical components. The study shows that the output elasticity...

This report examines Idaho state budgeting during 2009 and 2010. After first describing Idaho’s people, politics, and budgeting process, it discusses the economic and General Fund revenue situations facing the state. The paper considers adjustments for FY 2010 proposed by Governor Otter and...