Outlook for the Budget and the Economy
- Working Paper
Corporate Tax Incidence: Review of General Equilibrium Estimates and Analysis: Working Paper 2010-03
Corporate Tax Incidence: Review of General Equilibrium Estimates and Analysis
- Working Paper
Does Government Debt Crowd Out Investment? A Bayesian DSGE Approach: Working Paper 2010-02
We estimate the crowding-out effects of government debt for the U.S. economy using a New Keynesian model with a detailed fiscal specification.
- Working Paper
Does Doctors' Experience Matter in LASIK Surgeries?: Working Paper 2010-01
In this paper, we use a longitudinal census of laser in situ keratomileusis (LASIK) eye surgeries collected directly from patient charts to examine the learning-by-doing hypothesis in medicine.
- Working Paper
Consumption Responses to Permanent and Transitory Shocks to House Appreciation: Working Paper 2009-05
We estimate the marginal propensity to consume (MPC) out of permanent and transitory shocks to house price appreciation.
- Working Paper
Using DSGE Models: Working Paper 2009-04
This paper is intended to be pedagogical rather than a presentation of original research.
- Working Paper
The CBO Infinite-Horizon Model with Idiosyncratic Uncertainty and Borrowing Constraints: Working Paper 2009-03
This paper describes the infinite-horizon general equilibrium model that, among other models, CBO uses for its analysis of the President's budgetary proposals.
- Working Paper
An Evaluation of CBO Forecasts: Working Paper 2009-02
We compare the performance of a subset of CBO's economic forecasts against that of an unrestricted vector autoregression (VAR) model.
- Working Paper
Identifying Rates of Emigration in the United States Using Administrative Earnings Records: Working Paper 2009-01
This paper undertakes a new strategy to estimate emigration rates among U.S. immigrants by inferring the probability of emigration using longitudinal administrative earnings data from 1978 through 2003.
- Working Paper
Panel Data Techniques and the Elasticity of Taxable Income: Working Paper 2008-11
This paper examines the elasticity of taxable income with a focus on income controls designed to control for divergence in the income distribution and mean reversion.
- Working Paper
Taxation and Asset Pricing in a Production Economy: Working Paper 2008-10
This paper studies the asset pricing implications of dividend and corporate income taxes in a stochastic general equilibrium model with production similar to Jermann (1998).