Our analysis produces three main findings for our sample: land prices in most areas increased between 2012 and 2017, land prices tended to rise faster than house prices, and land appreciated most rapidly in areas with relatively high density of structures.

This paper develops an empirical model of the economic impact of COVID-19 and uses it to gauge how the evolution of the pandemic will affect the global economic recovery.

There is an ongoing debate about the effect of changes in labor regulations such as Right-to-Work (RTW) laws on rising income inequality in the U.S. In this paper, we use a relatively new methodology, the Synthetic Control Method – which we argue is more suitable for analyzing this data – to...

The authors find that the shift reflects a combination of increased bank demand for jumbo loans and higher government-sponsored enterprise g-fees.

Barro and McCleary interpret the lowering of saint-making criteria combined with a geographic broadening of candidates as an intentional effort on the part of the Catholic Church hierarchy to universalize its relevance. More specifically, the Catholic Church - the world's longest-lasting...

The double-counting issue implies overstatement of levels of gross domestic product and national income. A proposed alternative measure of product and income involves a form of full expensing for gross investment.

This paper presents original primary-source research on state-level tax and expenditure limitations and supermajority requirements to raise taxes.

We analyze the ability of the "Single Point of Entry" strategy (SPOE) to resolve large banks without financial market disruption. We identify several legal and financial impediments that could prevent SPOE's use. In particular, Title II of the Dodd-Frank Act was conceived by Congress as an...

We assess the Covid-19 pandemic's implications for state government sales and income tax revenues. We estimate that the economic declines implied by recent forecasts from the Congressional Budget Office will lead to a shortfall of roughly $106 billion in states' sales and income tax revenues for...

A key issue for the ongoing COVID-19 pandemic is whether non-pharmaceutical public-health interventions (NPIs) retard death rates. File-URL https://www.aei.org/research-products/working-paper/non-pharmaceutical-interventions-and-mortality-in-us-cities-during-the-great-influenza-pandemic-1918-1919/