This paper identifies specific membership criteria and shows the effect they will have on the G20's composition. Setting clear criteria will be controversial — in part because it will require the replacement of several current members. Such change may be painful, but with another recession...

In this article, Hassett and Viard argue that proposals to single out the five largest oil producers for disparate tax treatment based on political hostility toward those companies threatens the rule of law

The recent literature on the sources of economic growth has challenged the traditional growth accounting of the Solow model, which assigned a relatively limited role to capital deepening. As part of this literature, De Long and Summers have argued in two papers that the link between equipment...

In this paper, we provide a brief overview of U.S. tax policy in relation to other OECD countries and also in some cases, in relation to world averages. The U.S. tax code emerges in our analysis is exceptional in many regards. Most countries have gradually moved toward collecting a large share...