Increasing Excess Returns in U.S. Corporations: New Estimates and Policy Implications
Excess returns are profits above the minimum returns required for firms to undertake productive investments. This brief estimates excess returns in the corporate tax base of U.S. non-financial corporations.
Redistribution in Reverse: The Macroeconomics of the OBBB
We provide a comprehensive analysis of the bill, including estimates of its dynamic macroeconomic and distributional effects.
Preliminary Estimates of the Macroeconomic Costs of Cutting Federal Funding for Scientific Research
We analyze the consequences of reducing federal investment in research and development
Technical Note on Estimating the Overall Effect of Corporate Tax Reforms
IMPA policy report, June 2024
Repealing the Clean Energy Credits: A Macroeconomic Assessment of the GOP Proposal
IMPA Policy Report, March 2024.
Reducing Poverty and Inequality and Reactivating the Social Elevator
Chapter with multiple co-authors, coordinated by the Spanish National Office of Foresight and Strategy, as part of the project "Spain 2050". Published in 2021.