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WORKING PAPERS
February 21, 2023
Immigration policy can have important net fiscal effects that vary by immigrants’ skill level. But mainstream methods to estimate these effects are problematic. Methods based on cash-flow accounting offer precision at the cost of bias; methods based on general equilibrium modeling address bias with ...
Blog Post
November 17, 2022
Foreigners don’t receive much of America’s $35 billion annual foreign aid budget, at least not directly. Less than ten percent goes to local charities, companies, or governments in developing countries. The Biden administration, like past administrations, is trying to reform the system. But it needs...