Matthew Jensen is a research associate for economic policy studies. He maintains an active research agenda focused on public finance and taxation, and he coordinates the ongoing development of AEI’s International Tax Database. Jensen has written for The Wall Street Journal, US News, and Tax Notes, among others, and he frequently appears on radio and television. Before joining AEI, he worked for a hedge fund in Minneapolis.
Yesterday, the Congressional Budget Office’s budget and economic outlook predicted that the federal government will end this fiscal year $845 billion in the red.But what is the real cost of continuing to accumulate debt?In a new article based on an American Enterprise Institute study,...
Over the past several decades, a new trade paradigm has arisen, one that deemphasizes domestic, vertically integrated firms competing in end products with similarly integrated firms from other nations. Instead, from automobiles to electronics, chemicals, and clothing, the production process has dispersed.
The macroeconomic consequences of the nation's debt have received significant study. Less attention has been paid to the debt's distributional impact. This article develops a measure of the burden of debt service across income groups and uses it to assess the distributional impact of current debt and projected debt accumulations.
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 Administration’s budget.
A great deal has been reported about allegations of LIBOR manipulation, but little attention has been paid to why LIBOR is important, who might have been harmed by its manipulation, or how to think about the financial ramifications.
Yesterday, the Tax Policy Center published “FAQs and Responses” pertaining to their recent study on Governor Romney’s tax proposal. This new paper is quite useful and helpful, and the policy community should be grateful that they wrote it. However, as blemishes are apt to stand out up close, in a few ways this document highlights my misgivings regarding their initial study.
Great political attention is being heaped on a report by the Brookings-Urban Tax Policy Center (TPC). After giving the latest report some thought, a few aspects of it might have invited some false inferences from the left and harsh attacks from the right. With a few additions, a follow-up report could build on the authors’ work in a way that would be useful for the tax debate.