The socio-economic impact of Reaganomics and its long-run deleterious legacy is
documented. The empirical evidence indicates that the tax cuts of 1981 and 1986 failed to …

Fiscal sustainability remains a paramount challenge in the Euro Area (EA) countries after the
sharp rise in public debt-to-GDP ratios in the aftermath of the financial crisis of 2008. Using …

The objective of this study is to use both static and dynamic frameworks to compare the
benefits that immigrants draw from the public system with their contributions through the …

According to the IMF and OECD, the Dutch fiscal framework is rather unique, and its design
and implementation are highly recommendable. This paper describes this framework, its …

The book has many merits, and represents an important contribution to the controversial
topic of European fiscal policy. I appreciated in particular the high quality and rigor of the …

The paper assesses the United Kingdoms golden rule and debt rule against ideal
characteristics of fiscal rules. It concludes that they are clearly defined; transparent in …

The reform of the pension system of the Mexican Social Security Institute (IMSS) in 1997,
limited the growing fiscal cost of the previous pay-as-you-go scheme. Sixteen years on from …

This paper examines how political constraints can shape the social security system under
different demographics. A steady-state mapping between relevant economic and …

Keeping the economy strong will require addressing two distinct but related problems.
Steadily rising federal debt makes it harder to grow our economy, boost our living standards …

This paper constructs a new data series on aggregate capital gains and their distribution,
and documents that since 1980 capital gains have been the main driver of wealth …