Texas is one of a handful of states declining to expand Medicaid coverage as part of the national health care program. The state has the largest number of uninsured residents, though more people have signed up for the low income health plan this year

The recent oil price collapse has adversely affected Texas' budget situation and slowed the growth of its rainy-day fund. While energy continues to play an important role in Texas, the state has been better economically and fiscally positioned than most other energy states

Corporate tax reform has become a high-profile issue amid fears that firms are increasingly taking their headquarters and production facilities offshore and booking profits abroad. Adjustments to the tax system can help address these factors, though not without potentially introducing new issues

We derive the inflation elasticity of the demand for domestic currency using a shopping time model. The resulting transactions cost function is solidly grounded in a theory of the transaction process. The implied production functions for monetary services cannot have a constant elasticity of...