Our data show that land prices were more volatile than house prices during the recent boom/bust cycle. In areas where land was inexpensive in 2000, the land share of property value jumped during the boom, and this rise in the land share was a useful predictor of the subsequent crash in house...

This paper proposes a measure of the distributional burden of servicing debt Using alternative assumptions about financing, we assess the distributional burden of the current level of government debt and the burden of future debt projected to accumulate under current law, current policy, and the...

Given the slow growth of labor productivity in recent years, some have argued that the boost from information technology may have run its course Our analysis points to a less pessimistic conclusion While projections of economic developments are always difficult, our judgment is that "No, the...

This book addresses the most prominent policy issues raised by advertising--competition, consumer information, children, ad bans, and free speech.

This study finds that contingent fees benefit plaintiffs and do not cause higher awards.

Do saving incentives such as Individual Retirement Accounts stimulate new saving or merely reshuffle existing assets?

This bookexamines the events, policies, and personalities that have shaped our economy for a half century.

Fannie Mae and Freddie Mac have aggressively used their government support to achieve extraordinarily high profitability and domination of the residential mortgage market.

This volume considers whether the first major overhaul of U.S. communications policy in more than sixty years is accomplishing its purposes.

This volume explores the causes and costs of tax avoidance and provides a useful guide to the key conceptual issues that must be addressed in order to design a truly effective tax reform.