Cloud computing has not only transformed how businesses and people conduct their daily activities, but it has also clouded the landscape for taxing such technological advancements. Continue Reading
Policymakers have only begun to take steps to manage the tax-related issues arising from the sharing economy, not to mention the social, commercial and legal challenges it has generated. Continue Reading
It is clear that unless Congress acts, Social Security benefits will be reduced after the exhaustion of the trust fund in 2032. Projections highlighted in this blog illustrate the magnitude of the problem and the difficulty of measuring the economic effects of various policy reforms.
How much priority should the United States place on preserving NAFTA? Have certain states benefited more than others from NAFTA? Economists have spent the past 20 years working to answer these questions. They are hard to answer because of all… Continue Reading
Much has been said and written about the effects of the (presumed) British exit from the EU. What is clear is that uncertainty is the driving force behind the economic effects to date. So any analysis must first start by… Continue Reading
The UK continues to swoon as it digests the domestic implications of the Leave vote, but for the rest of the world Brexit is more important as a sign of the times. It erased any remaining doubt that popular support… Continue Reading
Why does the Bank of Japan want to lower the exchange rate? Most obviously it seeks improvement in export competitiveness — the beggar-thy-neighbor effect. Continue Reading