Browsing Tag

fiscal

The US corporate tax cut debate

In December 2017 the US federal corporate tax rate on profits over $10 million was reduced from 35% to 21%. This column examines the plausibility of the Council of Economic Advisers’ estimates of how a cut in the corporate profit tax rate…

The Risks of Pro-Cyclical Policy

Pro-cyclical monetary and fiscal policies exacerbate the challenge that lies ahead. Although the world enjoys a synchronized expansion, the Great Financial Crisis may not be truly over until the downside of this business cycle is managed.

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