What Should an Economics Research Article Look Like?
The shape of an economics research article is changing: much longer, and with more co-authors.
- 09/08/2018
- 2
Some Facts on Global Current Account Balances
I'm the sort of joyless and soul-killing conversationalist who likes to use facts as the background for arguments. In that spirit, here's an overview of some facts about global trade balances, taken from the IMF External Sector Report: Tackling Global Imbalances and Rising Trade Tensions (July 2018).
- 08/08/2018
- 4
The Emergence and Erosion of the Retail Sales Tax
About 160 countries around the world, including all the other high-income countries of the world, use a value-added tax. The US has no value added tax, but 45 states and several thousand cities, use a sales tax as an alternative method of taxing consumption. John L. Mikesell and Sharon N. Kioko provide a useful overview of the issues in "The Retail Sales Tax in a New Economy," written for the 7th Annual Municipal Finance Conference, which was held on July 16-17, 2018, at the Brookings Institution.
- 07/08/2018
- 3
Thoughts on Single Payer Health Care
The label of "single-payer" health care tends to hide the reality that many choices would still need to be made. For example, a "single payer" plan could involve the government providing a voucher for a standardized health insurance plan, or it could offer choices between insurance plans provided by private firms. It could involve supplementary private health insurance: for example, the single-payer Medicare plan is often supplemented with "Medi-gap" private policies. A "single payer" plan could be funded out of general tax revenues, or by charging insurance premiums that might vary by age or in some other way. A "single payer" plan might have have most health care providers as government employees, or as employees of private firms. A "single-payer" plan could be run at the national level, or at a regional or state-by-state level. It could involve the same price-and-payment structure across the country, or allow for substantial variations across areas.
- 07/08/2018
- 7
US Dollar: Many Roles in the Global Economy
The US dollar is sometimes called the world's "reserve currency," which is true enough, but doesn't actually capture the multiple ways in which firms and nations around the world make use of the US dollar. Moreover, these other issues can complicate how other nations are affected by changes in the foreign exchange value of the US dollar. Fernando Eguren Martin, Mayukh Mukhopadhyay and Carlos van Hombeeck lay out these issues in "The global role of the US dollar and its consequences," published in the Bank of England Quarterly Bulletin (2017, Q4).
- 06/08/2018
- 4
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