Consumption Taxes, Income Taxes, and Revenue Sensitivity: States and the Great Recession

February 15th, 2018|Comments Off on 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

October 19th, 2017|Comments Off on 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

August 22nd, 2017|Comments Off on 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

August 20th, 2017|Comments Off on 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

August 20th, 2017|Comments Off on 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