Daily Policy Digest

Understanding Benign Liquidity Traps: The Case of Japan

Credit constraints may be more important for macroeconomic performance than interest rates...

Recent Declines in Labor's Share of Income

Since the onset of the financial crisis, labor's share of national income has fallen below historical levels...

Blood Tests Could Soon Be as Easy as a Trip to The Drugstore

A new way to conduct blood tests is transforming healthcare costs...

The Effect of Succession Taxes on the Family Business

Succession taxes lead to a more than 40 percent decline in investment around family succession…

Will Competition Arise for Multi-State Health Plans?

Recent regulations are unlikely to make the Multi-State Plan program a robust platform for health insurance competition...

Highway Trust Fund Basics: A Primer on Federal Surface Transportation Spending

The Highway Trust Fund is nearly insolvent...

No More Bee-Pocalypse

Talk of the loss of honeybees has been widely overblown as honeybee-colony numbers hit a 20-year high…

Healthcare and its Financial Costs to States

High healthcare costs may push states into fiscal instability...

Credit Supply and the Rise in College Tuition

College tuition is rising exponentially due to student loans...

Raising the Estate Tax Lowers Aggregate Capital and Output

Increasing the estate tax has an economic cost...


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