AEI.Org: Scholar: R. Glenn Hubbard

Bypassing the Aid Trap in Pakistan

Fri, 13 Nov 2009 00:00:00 +0100

Aid money from the United States to Pakistan should be distributed through a Pakistan Marshall Plan.

The Berlin Wall of Aid

Fri, 06 Nov 2009 00:00:00 +0100

The time has come for the "Berlin Wall of aid" to fall.

Doubling Down on a Flawed Insurance Model

Fri, 25 Sep 2009 00:00:00 +0100

To persuade the American people to support his health reform agenda, the president has made two simple promises: First, his plan will benefit everyone who already has health insurance; Second, his plan will not add to the nation's yawning budget deficit.

Obama's Mixed Messages

Sun, 30 Aug 2009 00:00:00 +0100

President Obama's message on health care reform is even more inconsistent than Mr. Bush's on Social Security, and his opponents know it.

The Fed Can Lead on Financial Supervision

Sat, 25 Jul 2009 00:00:00 +0100

We need fewer regulators, not more.

Banks Need Fewer Carrots and More Sticks

Wed, 06 May 2009 00:00:00 +0100

Insolvent institutions should be taken over by the Federal Deposit Insurance Corporation.

From Awful to Merely Bad: Reviewing the Bank Rescue Options

Sat, 07 Feb 2009 00:00:00 +0100

Purchasing "toxic" assets is no easy solution.

Low-Interest Mortgages Are the Answer

Wed, 17 Dec 2008 00:00:00 +0100

If we can stop the decline in home prices, we can stop the crisis.

Blanket Deposit Insurance Is a Bad Idea

Wed, 15 Oct 2008 00:00:00 +0100

Now is no time to further distort the market.

The Dismal Questions

Tue, 07 Oct 2008 00:00:00 +0100

What questions should John McCain and Barack Obama answer at the second presidential debate?

First, Let's Stabilize Home Prices

Thu, 02 Oct 2008 00:00:00 +0100

Economic instability has spread beyond housing, but housing is the place to fix it.

Let's Get the Bank Rescue Right

Wed, 24 Sep 2008 00:00:00 +0100

Bold action can be designed with lower costs to taxpayers, while accomplishing the goals Treasury Secretary Henry Paulson has laid out.

What the Candidates Can Do

Fri, 19 Sep 2008 00:00:00 +0100

While the presidential candidates' policy positions are evolving, it isreasonable to hope that they can agree on key steps to create a firebreak for our financial crisis.

Bagehot and the Bankers

Mon, 15 Sep 2008 00:00:00 +0100

The bankruptcy of Lehman Brothers and the takover of Merrill Lynch by Bank of Americaoffer important lessons for policymakers.

We Can't Tax Our Way out of the Entitlement Crisis

Thu, 21 Aug 2008 00:00:00 +0100

Barack Obama's Social Security tax increase would do little to address the funding shortfall.

We're Asking Too Much of the Fed

Mon, 21 Jul 2008 00:00:00 +0100

The expansion of the Fed's lending has been extraordinary in scale and scope, but it is not the best response to the present credit crunch.

The Coming Tax Bomb

Tue, 08 Apr 2008 00:00:00 +0100

The current tax plan will expire in 2010 andmay lead to a drastic increase in taxes.

Bringing the Market to Health Care

Sat, 15 Sep 2007 00:00:00 +0100

Mitt Romney's health careproposals, which rely on free markets and federalism, will go a long way to fixing ournation'shealth carewoes.

The Corporate Tax Myth

Thu, 26 Jul 2007 00:00:00 +0100

Businesses don't pay taxes. People pay taxes. And the evidence suggests the corporate tax hits wage earners hard.

The Corporate Tax Myth

Thu, 26 Jul 2007 00:00:00 +0100

Businesses don't pay taxes. People pay taxes. And the evidence suggests the corporate tax hits wage earners hard.

Why Africa Needs a Marshall Plan

Mon, 04 Jun 2007 00:00:00 +0100

Only the implementation ofa Marshall Plan with an eye toward business development can bring sub-Saharan Africa out of economic futility.

Capitalism against Climate Change

Thu, 31 May 2007 00:00:00 +0100

The NCEP recommendation for a new emissions-trading program aptly balances the need for environmental policy action with a mechanism for prudent economic risk management.

Action Plan for Capital Markets

Thu, 30 Nov 2006 00:00:00 +0100

The chairmen of the Committee on Capital Markets Regulation summarize their recent findings.

Innovate or Die Classes Are Nurturing Tomorrow's Entrepreneurs

Fri, 17 Nov 2006 00:00:00 +0100

The belief that those with an eye toward entrepreneurial careers can't and don't benefit from an MBA education should be refuted.

Is the U.S. Losing Ground?

Mon, 30 Oct 2006 00:00:00 +0100

Cost-benefit analysis of regulatory change may provide insights that could enhance the efficiency of our markets and strengthen investor protection at the same time.

Offshoring Can Benefit Workers of All Skill Levels

Wed, 27 Sep 2006 00:00:00 +0100

The offshoring debate of the past few years has obscured some basic insights from economics and about economic policy in a globalising world.

Do Not Undervalue the Impact of Business Education

Wed, 28 Jun 2006 00:00:00 +0100

Business is such a humdrum word for such a revolutionary idea applying scientific management and critical thought to everyday economic and social activities.

Hidden Treasury

Mon, 05 Jun 2006 00:00:00 +0100

Reflectingon the economy's performance and its productivity muse--and on concerns about the economic outlook.

Not a Panacea...

Thu, 09 Feb 2006 00:00:00 +0100

President Bush proposed to gradually change the way U.S. health care is purchased and offered an opportunity to rein in the rising costs of care.

Health Care, Heal Thyself

Mon, 30 Jan 2006 00:00:00 +0100

One of the biggest threats to the nation's future prosperity is the continuing explosion in our nation's health-care costs.

Keep Government Out

Fri, 13 Jan 2006 00:00:00 +0100

The view thatin the health care debateworkers get the short end of the free-market stickresults frommisunderstandingbasic economics.

Triple Jeopardy

Wed, 02 Nov 2005 00:00:00 +0100

In its report released yesterday, the President's Advisory Panel on Federal Tax Reform proposed two answers to the problems of the present federal income tax code.

How to Fix the Pension Mess

Mon, 24 Oct 2005 00:00:00 +0100

Large deficits faced by the PBGC are a political challenge that Washington will be forced to fix.

Keep Your Eyes on Japan

Mon, 19 Sep 2005 00:00:00 +0100

Special characteristics that make Japan so attractive to investors: a positive business climate, rule of law, advanced infrastructure, a highly skilled workforce, and affluent consumers.

A Post-Hurricane Action Plan Should Focus on People

Mon, 19 Sep 2005 00:00:00 +0100

The first step must be guiding principles. We owe those harmed by the tragedy and the taxpayers who share the financial burden nothing less.

Nondestructive Creation

Wed, 07 Sep 2005 01:00:00 +0100

Successfully seizing business opportunities can raise living standards and employment: that is the secret of an entrepreneurial economy.

Happy 70th, Social Security

Mon, 08 Aug 2005 00:00:00 +0100

On August 14, Social Security turns seventy.This milestone birthday offers an opportunity for reflecting on how better to accomplish goals we hold dear.

Market Comrades

Tue, 26 Jul 2005 00:00:00 +0100

The Bush administration needs to develop a comprehensive economic policy toward China.

CAFTA: A Win-Win Case

Mon, 04 Jul 2005 00:00:00 +0100

U.S. business should supportCAFTA and free trade. Congress must address the tough competitive challenges facing American business by tackling corporate tax andtortreforms.

A Paradox of Interest

Thu, 23 Jun 2005 00:00:00 +0100

Herb Stein was right that "if something cannot go on forever it will stop." The United Statescannot continue indefinitely to absorb larger and larger volumes of global excess saving.

Tax Reform's Key? Stop Hammering Investors.

Mon, 30 May 2005 00:00:00 +0100

My plan for fundamental change would tax all income only once.

Magic Capital Ride

Mon, 02 May 2005 00:00:00 +0100

The world economy's imbalances are not simply the fault of U.S. policy, but serious discussion of the way forward must begin in Washington. And it must begin soon.

A Free-Market Cure for Japan's Chronic Cold

Mon, 25 Apr 2005 00:00:00 +0100

Reform would allow people all over Japanto gain from faster productivity growth and higher incomes. And the global economy would benefit as well.

Social Security: Beware of Hasty Compromises

Mon, 21 Mar 2005 00:00:00 +0100

It is possible to improve Social Security contributions to economic well-being by introducing personal accounts and decreasing the relative importance of traditional benefits.

A Fiscal Plan with Global Benefits

Fri, 18 Mar 2005 00:00:00 +0100

The fiscal reforms proposed byPresident Bush offer a clear step towards raising U.S. saving and reducing imbalances.

Social Security

Mon, 14 Feb 2005 00:00:00 +0100

Failing to boost Social Security's ability to meet the retirement needs of millions of Americans would be an insult to what Social Security has already achieved.

A Gold Medal for the Fed's Inflation Fighters

Mon, 10 Jan 2005 00:00:00 +0100

The Federal Reserve, wisely insulated from the political process, has provided the greatest and most competent leadership in reducing taxes on investment.

Brilliant Deduction

Wed, 08 Dec 2004 00:00:00 +0100

The authors propose a simple change to tax law that would cut unproductive health spending, reduce the number of uninsured, and promote greater tax fairness.

China Should Show Some Trust in Capital Markets

Tue, 16 Nov 2004 00:00:00 +0100

China would benefit from moving faster to modernize its financial system. Well functioning capital markets play an important role in lifting economic growth and spurring job creation.

The Second-Term Economy

Tue, 09 Nov 2004 00:00:00 +0100

A recentU.S.employment report is a cause for cheer, but a deeper satisfaction comes from admiration of the U.S. economy's growth machine.

A Prescription for Health-Care Reform

Mon, 20 Sep 2004 00:00:00 +0100

Health Savings Accounts contrast to the vision offered by John F. Kerry. The Kerry plan would spend $1 trillion overten years, expanding government's role in health care.

Let's Talk Taxes

Wed, 08 Sep 2004 00:00:00 +0100

In this election year, with domestic discussion centered on taxes and jobs, it is useful to take stock of what we know about taxes and hours worked, entrepreneurship, and jobs.

Let's Put the "Litigation Tax" on Trial

Mon, 09 Aug 2004 00:00:00 +0100

Tort costs should be counted as a tax that hits more than companies.

The Social Security and Medicare Morass

Mon, 28 Jun 2004 00:00:00 +0100

Entitlement reform--and encouraging more private saving--are essential.

Bush Savings Incentives

Mon, 21 Jun 2004 00:00:00 +0100

Attacking Drug-makers Is No Cure

Wed, 16 Jun 2004 00:00:00 +0100

It is easy to blame high health care costs on pharmaceutical companies, allowing politicians to ignore the more pressing need to improve markets for health care.

Healthy, Wealthy, and Wise

Tue, 04 May 2004 00:00:00 +0100

After innovations in medical procedures, technologies, and pharmaceuticals, the quality of American medical care is the envy of the world, yetit is in deep trouble.

Huh?

Thu, 01 Apr 2004 00:00:00 +0100

First came the bursting of the Clinton bubble, then 9/11, then the accounting scandals, and all the other shocks to the system. Who would have predicted such a vigorous U.S. recovery?

Mr. Kerry's Math

Fri, 26 Mar 2004 00:00:00 +0100

Senator John Kerry has been reluctant to offer details about his spending and tax plans for fear of alienating voters as the campaign for election 2004heats up.

Outsourcing Is Good for America

Tue, 23 Mar 2004 00:00:00 +0100

Studies of multinational companies suggest that outsourcing not only raises the value of brands but boosts the wealth of shareholders and promotes high-wage administrative jobs at home.

Court Ruling Slams Consumers

Mon, 08 Mar 2004 01:00:00 +0100

The standard economic view is that unbundled element-based competition is certainly desirable and enhances greatly the performance of our economy.

Piggy-Bank Nation

Tue, 20 Jan 2004 00:00:00 +0100

The administration's proposals for new and improved saving incentives make good sense for simplification.

The Contradictions at the Heart of Rubinomics

Tue, 18 Nov 2003 00:00:00 +0100

Review of In an Uncertain World: Tough Choices from Wall Street to Washington, by Robert E. Rubin and Jacob Weisberg.

Currency Kabuki

Wed, 15 Oct 2003 00:00:00 +0100

A commitment to low but positive inflation by the Bank of Japanwould enhance the cyclical recovery under way in Japan and improve the chance of better long-term growth prospects.

Don't Blame the Yuan

Tue, 09 Sep 2003 00:00:00 +0100

Fashioning Chinese currency revaluation as one risks both unwelcome international consequences and failure to take helpful steps at home.

A Fairer Tax Deal for All America's Companies

Wed, 27 Aug 2003 00:00:00 +0100

The Crane-Rangel approach is the sort of special interest tax policy that breeds cynicism about the tax code and promotes the interests of lobbyists over economic growth.

How to Deflate Overblown Fears of Deflation

Mon, 09 Jun 2003 00:00:00 +0100

Calming the present fears over deflation--probably exaggerated--requires a greater emphasis on clear communication from the Fed.

Deficits Aren't Wonderful, but the Interest Rate Argument Can Be Easily Overstated

Sun, 01 Jun 2003 00:00:00 +0100

Analysis Deficit

Thu, 08 May 2003 00:00:00 +0100

President Bush's tax cut was designed to provide short-term growth insurance and enhance long-term growth; does it deliver?

It's Dynamic!

Wed, 26 Mar 2003 00:00:00 +0100

Now that the Congressional Budget Office's dynamic scoring operation is up, the Joint Tax Committee should be required to borrow the apparatus developed by the CBO and begin providing detailed scores of important tax bills.

Tax Policy and Business Investment

Mon, 01 Apr 2002 00:00:00 +0100

Where Do We Put the Surplus?

Mon, 29 Jan 2001 00:00:00 +0100

If the U.S. government starts accumulating big surpluses, where should it put the money?

Investment-Cash Flow Sensitivities Are Useful

Mon, 01 May 2000 00:00:00 +0100

If Alan Greenspan Had Bitten the Bullet

Mon, 01 Nov 1999 00:00:00 +0100

Covers Social Security issues

Federal Deposit Insurance

Fri, 01 Jan 1999 00:00:00 +0100

Are Investment Incentives Blunted by Changes in Prices of Capital Goods?

Thu, 01 Oct 1998 00:00:00 +0100

Capital-Market Imperfections and Investment

Sun, 01 Mar 1998 00:00:00 +0100

The Flat Tax

Thu, 22 Feb 1996 00:00:00 +0100

The Aid Trap

Wed, 23 Sep 2009 00:00:00 +0100

Hubbard and Duggan make the case that current foreign aid and Third World projects--particularly in Africa--aren't working and that the developed world must rethink how it allots aid money.

Healthy, Wealthy, and Wise

Tue, 01 Nov 2005 00:00:00 +0100

America's health care system faces serious challenges, and only drastic reforms will preserve its strengths while correcting its weaknesses.

Money, the Financial System, and the Economy

Sat, 01 Sep 2001 00:00:00 +0100

This textbook introduces economic explanations for the organization of the financial system and the interconnection between the financial system and the economy.

The Magic Mountain

Mon, 02 Aug 1999 00:00:00 +0100

In the midst of general euphoria over a new and seemingly increasing federal budget surplus,this bookoffers a guide to this new situation.

Institutional Investors and Corporate Behavior

Sat, 01 May 1999 00:00:00 +0100

Can increasingly predominant shareholders improve the performance of the corporations they own and should they attempt to do so?

Medical School Financing and Research

Thu, 01 Jan 1998 00:00:00 +0100

This book discusses fiscal policy in relation to medical school financing.

Fundamental Tax Reform and Corporate Finance

Wed, 01 Jan 1997 00:00:00 +0100

The authors describe how proposed tax reforms would affect corporate financial policy and summarize economists' knowledge of the magnitude of those effects.

Assessing the Effectiveness of Savings Incentives

Thu, 31 Oct 1996 23:00:00 +0100

Do saving incentives such as Individual Retirement Accounts stimulate new saving or merely reshuffle existing assets?

Distributional Implications of a Consumption Tax

Mon, 01 Jan 1996 00:00:00 +0100

This book examines fiscal policy and the consumption tax.

Asymmetric Information, Corporate Finance, and Investment

Thu, 01 Nov 1990 00:00:00 +0100

This book examines fiscal and tax policy and corporate investment.

Assessing the Effects of Corporate Taxation

Mon, 17 Mar 2008 10:00:00 +0100

The History, Impact, and Future of Private Equity

Tue, 27 Nov 2007 15:00:00 +0100

Tax Havens and Foreign Direct Investment

Mon, 11 Dec 2006 08:50:00 +0100

Corporate Income Taxation and the Economy

Fri, 02 Jun 2006 08:55:00 +0100

Domestic Effects of Foreign Direct Investment

Thu, 02 Dec 2004 08:50:00 +0100

Global Economic Challenges for the IMF's New Chief

Wed, 09 Jun 2004 14:00:00 +0100

Competition versus Cooperation in Global Tax Policy

Tue, 09 Dec 2003 08:50:00 +0100

The Future of American Taxation

Tue, 10 Dec 2002 09:45:00 +0100

Productivity in the Twenty-first Century

Wed, 23 Oct 2002 09:00:00 +0100

The IMF Proposal for Sovereign Debt Restructuring

Mon, 07 Oct 2002 09:00:00 +0100

Blueprint for International Tax Reform

Fri, 09 Mar 2001 09:15:00 +0100

How Would President Bush's Tax Plan Affect the Economy?

Mon, 05 Mar 2001 10:00:00 +0100

What the New President Should Do about Social Security

Fri, 15 Dec 2000 09:00:00 +0100

Does Government Spending Harm the Economy?

Fri, 03 Nov 2000 09:00:00 +0100

Are Corporate Tax Shelters an "Abuse" That Should Be Stopped?

Fri, 13 Oct 2000 09:15:00 +0100

Do Individual Retirement Accounts Raise Tax Revenue?

Fri, 15 Sep 2000 09:15:00 +0100

Responsible Tax Credits for Health Insurance

Fri, 02 Jun 2000 10:15:00 +0100

The Efficiency Cost of the U.S. Estate Tax

Fri, 03 Mar 2000 09:15:00 +0100

Supreme Court Amicus Brief in Davis v. Kentucky Department of Revenue

Fri, 21 Sep 2007 00:00:00 +0100

Amicus brief on the Writ of Certiorari to the Court of Appeals of Kentucky.

The Effect of Medicare Coverage for the Disabled on the Market for Private Insurance

Mon, 01 Sep 2008 00:00:00 +0100

Subsidizing individuals with high expected health costs is an effective way to increase the private insurance coverage of other high-cost individuals.

Evaluating Effects of Tax Preferences on Health Care Spending and Federal Revenues

Fri, 01 Dec 2006 00:00:00 +0100

The consequences for health spending and federal revenues of an above-the-line deduction for out-of-pocket health spending can be specified as a function of behavioral parameters.

Competition and Shareholder Fees in the Mutual Fund Industry

Tue, 11 Jul 2006 00:00:00 +0100

Does price competition exist in the mutual fund industry? If so, is it too weak to prevent anticompetitive pricing by investment advisors to retail investors?

Federal Government Debt and Interest Rates

Wed, 02 Jun 2004 00:00:00 +0100

This working paper reconsiders and adds to empirical evidence on the effect of federal government debt and interest rates.

Options Pricing and Accounting Practice

Thu, 08 Jan 2004 00:00:00 +0100

The establishment of new accounting rules for expensing options would likely do more harm than good.

A Reconsideration of Investment Behavior Using Tax Reforms as Natural Experiments

Sat, 01 Jan 1994 00:00:00 +0100

Internal Finance and Investment

Mon, 01 Mar 1993 00:00:00 +0100

The sensitivity of investment spending to internal funds for firms with high marginal surtax rates appears mainly to reflect information-related capital-market frictions.

Firm Heterogeneity, Internal Finance, and Credit Rationing

Fri, 01 Jan 1988 00:00:00 +0100

Assessing the extent to which agents or firms face capital-market imperfections and quantity restrictions on credit is crucial for measuring the cost of capital for investment.

International Adjustment under the Classic Gold Standard

Wed, 01 Apr 1987 00:00:00 +0100

Recent studies of the classical gold standard have revived interest in the process by which macroeconomic shocks were transmitted internationally during the pre-World War I period.

Growing in Debt

Sat, 01 Nov 1986 00:00:00 +0100

U.S. farms, and with them agricultural lending institutions, are currently experiencing their most severe stress since the 1930s.

Price Flexibility, Credit Rationing, and Economic Fluctuations

Tue, 01 Oct 1985 00:00:00 +0100

The reawakening of interest in links between price flexibility and fluctuations in economic activity calls for a reconsideration of models of price and quantity adjustment.

We Cannot Tax Our Way out of the Entitlement Crisis

Thu, 28 Aug 2008 00:00:00 +0100

Barack Obama's Social Security tax increase would do little to address the funding shortfall.

Market Comrades

Thu, 01 Sep 2005 00:00:00 +0100

While China recently announced that it will adopt a more flexible currency valuation, its long-term economic growth depends largely upon promoting more efficient saving and investment.

China Should Trust in Capital Markets

Mon, 01 Nov 2004 00:00:00 +0100

A critical factor in China's long-term economic growth is the development of its capital markets, which if organized could foster greater productivity, increased wages, and employment growth.

The Second-Term Economy

Mon, 01 Nov 2004 00:00:00 +0100

To promote economic prosperity, the federal government should pursue multilateral trade agreements, control discretionary spending, and offer citizens savings incentives.

The Social Security and Medicare Morass

Thu, 01 Jul 2004 00:00:00 +0100

To prevent entitlement programs from overwhelming the federal budget and sapping our economy, we must encourage individual savings and reduce benefits for the wealthy.

A Fairer Tax Deal for All America's Companies

Mon, 01 Sep 2003 00:00:00 +0100

Corporate tax reform, which is gaining momentum in Congress, should focus on improving the competitiveness of U.S. firms operating abroad.