Consumption Taxes, Income Taxes, and Revenue Sensitivity: States and the Great Recession
Published in Public Finance Review, 2017 Howard Chernick, Hunter College and Graduate Center, CUNY; and Cordelia Reimers, Hunter College and Graduate Center, CUNY The major sources of state tax revenue are personal income taxes and taxes on consumption – general sales and gross
The Economic Contribution of Unauthorized Workers: An Industry Analysis
Ryan Edwards, Queens College, CUNY; Francesc Ortega, Queens College, CUNY The article provides a quantitative assessment of the economic contribution of unauthorized workers to the US economy and the potential gains from legalizing their situation. The study shows that the economic contribution of
Export Growth and Aggregate Dynamics in Large Devaluations
George Alessandria, University of Rochester and NBER; Sangeeta Pratap, Hunter College and the Graduate Center, CUNY; Vivian Yue, Emory University, Federal Reserve Bank of Atlanta and NBER May 2015 Why do exports not increase immediately after an exchange rate devaluation? This is an
Some Simple Analytics of the Taxation of Banks as Corporations: Effects on Loans and Systemic Risk, Deposits, and Borrowing
Forthcoming in National Tax Journal, September 2017 Timothy J. Goodspeed, Hunter College and Graduate Center, CUNY A particularly important risk in the financial sector that is often discussed as one of the reasons for the recent collapse of the financial system is that
The Eurozone Convergence Through Crises and Structural Changes
Merih Uctum, Brooklyn College and the Graduate Center, CUNY; Remzi Uctum, Universite de Paris Ouest; Chu-Ping C. Vijverberg, College of Staten Islands and the Graduate Center, CUNY July 2017 Despite the recent resurgence in the European economies, the 2008 U.S. financial crisis that