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Analysis and Commentary

The Flat Tax Spreads to Ukraine

by Alvin Rabushkavia
Tuesday, May 27, 2003

On May 22, 2003, Ukraine's parliament, taking a page from Russia's playbook, overwhelmingly voted into law a 13% flat tax on personal income to take effect on January 1, 2004.

Analysis and Commentary

Vaccine Development a Casualty of Flawed Public Policy

by Henry I. Millervia Hoover Daily Report
Monday, May 5, 2003

Vaccines traditionally offer low return on investment but high exposure to legal liability.

Elections in Iraq
Analysis and Commentary

The Dilemma of Reforming a Post-Saddam Iraq

by Russell A. Berman, Stephen Haber, Barry R. Weingastvia World Trade
Monday, March 24, 2003

To understand how Western political and economic systems might be transplanted into a post-Saddam Iraq, we need to understand what is "Western" about our culture, politics, and economics.

PIGS AT THE TROUGH? Restoring Confidence in Corporate America

with David Brady, David R. Henderson, Arianna Huffingtonvia Uncommon Knowledge
Thursday, March 20, 2003

A series of devastating accounting scandals at Enron, WorldCom, and Tyco, to name a few, have shaken the public's trust in the ethics and business practices of America's large corporations. What are the underlying factors behind this recent wave of scandals? Is deregulation the culprit? If so, do we need more regulation or merely better enforcement of existing regulations? Does the confluence of corporate lobbying and campaign contributions encourage corporate malfeasance? If so, what political reforms are necessary?

Analysis and Commentary

The Flat Tax at Work in Russia: Year Two

by Alvin Rabushkavia
Tuesday, February 18, 2003

On January 1, 2001, a 13% flat-rate tax on personal income took effect in Russia.

DEBT AND TAXES: The Bush Administration's Tax Plan

with Michael J. Boskin, Robert Reichvia Uncommon Knowledge
Thursday, January 30, 2003

In January 2003, the Bush administration unveiled a package of proposed new tax cuts, including provisions to eliminate the taxation of dividends and make permanent the 2001 tax cut. President Bush called the plan "an immediate boost to the economy" as well as "essential for the long run to lay the groundwork for future growth and prosperity." Critics have said that the plan doesn't provide short-term economic stimulus and endangers long-term growth and prosperity. Is the Bush tax plan good for the economy or not?

Analysis and Commentary

Goldilocks and the Three [Russian] Bears

by Alvin Rabushka, Michael S. Bernstamvia
Wednesday, January 22, 2003

Goldilocks has entered the Russian bears' house. High oil prices will harm growth. Low oil prices will harm growth. Only the right oil prices will foster growth.

Analysis and Commentary

Financial Sector Reform in Russia: DÉjÀ Vu All Over Again

by Alvin Rabushka, Michael S. Bernstamvia
Tuesday, January 21, 2003

To this day, neither the IMF or other transition scholars have yet proposed any real reform of Russia's banks. Rather, they, as exemplified in this most recent IMF paper, choose to reiterate shopworn cliches, and then wonder why Russia's banks, and its economy in general, remain in need of reform.

Analysis and Commentary

Russia on Auto-Pilot

by Alvin Rabushka, Michael S. Bernstamvia
Monday, January 6, 2003

Since last summer, the Russian economy has been largely on auto-pilot. Economic policy discussion has virtually ground to a halt.

Analysis and Commentary

The Revolution in Air Travel

by Robert E. Hallvia Hoover Daily Report
Monday, December 2, 2002

As JetBlue and others continue to expand rapidly, the traditional airlines will suffer further reductions in profit unless they update their models.


Economic Policy Working Group

The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple