Publications

This paper explores the hypothetical effect of raising tax revenue in Latin American countries through a progressive taxation model. It finds that the benefits would be substantial, allowing for almos...chevron_right

This paper explores increasing drug costs for the elderly in America. It notes that the US Congressional Budget Office (CBO) estimates that drug costs rose 19.1 percent annually over the period 1995-2...chevron_right

This brief assesses the notion of cutting taxes on dividends in the US. It dissects the logic undergirding President George W Bush’s ambitions to cut taxes on personal income from dividends and specif...chevron_right

This paper examines the potential economic costs of a war with Iraq in a scenario in which the war does not end quickly. It loosely follows the negative scenario developed in a study by William Nordha...chevron_right

This paper argues that the damage caused by the stock bubble in 2000 and its inevitable collapse could have been avoided if economic and financial analysts had done their job competently. According to...chevron_right

This paper explores the Housing Affordability Index (HAI) as a measure to assess whether homes are reasonably priced. It argues that this is an improper use of the HAI because it fails to take account...chevron_right

This paper questions the assumption that Argentina relies on foreign financing from the IMF and World Bank in order to recover. The authors demonstrate that although Argentina has been cut off these i...chevron_right

This paper evaluates the empirical evidence for labor market rigidity for 19 OECD countries for the 1980-1999 period. The authors use macroeconomic and institutional approaches to explore data, presen...chevron_right

This paper examines arguments for a US system of mixed public and private patent supported drug research and compares it with an expanded role for public and nonprofit sectors in new drug development...chevron_right

This paper looks at Argentina's crisis since the default of its international loan, in an attempt to find a way out of the economic depression. The authors show that even after months of negotiations,...chevron_right

This paper explores the situation of American workers, highlighting that US law guarantees no holidays, while every other industrialized country has a legislated minimum number of days of paid leave. ...chevron_right

This paper discusses Venezuela's national referendum and demonstrates the probability that the election results are within the poll's margin of error. Although most news reports said the election was ...chevron_right

This paper examines whether the increase in home prices in the US can be grounded in fundamental economic factors, or whether it is similar to the stock market bubble. It shows that since 1995, home p...chevron_right

This paper examines the policy debate over the merits of replacing a portion of the US social security system with individual accounts. It calculates the potential losses if varying fractions of socia...chevron_right

This paper compares the administrative costs associated with individual accounts with the costs of operating an efficient public social security system like the one in the US. It explores the cost of ...chevron_right