The vice president holds forth on the elasticity of tax receipts with respect to the tax rate.
Author Archives: Menzie Chinn
December 2005 trade figures and implications
The trade deficit (total and ex-oil) widens again.
US-centered vs. China (or “them”)-centered Worldviews on Global Imbalances
Chinese foreign exchange reserves and current account surpluses are (still) rising. Why and how important is this phenomenon?
Some context for the annual benchmark revision of employment
(Revised) Employment growth is up, but (revised) employment is down.
The 2005q4 GDP report and the trade balance
Little sign of the reversal in the trade deficit.
Fiscal Exposure and Medicare Part D
Even if the new Medicare prescription drug plan’s implementation improves, that’s just the beginning of our problems.
Long term prospects for U.S. net exports in perspective
Does the cross-border fragmentation of production mean that measured trade flows are irrelevant?
Trade figures for November
How good is the news, really?
Hazards of partial reading and partial equilibrium analysis
For some people, the answer to every problem is a tax cut
Government interest payments on the rise
Government interest payments are on their way up. Payments to non-residents are going up even faster.