Working papers are works in progress that are circulated to solicit comments and suggestions.

The Case against a Carbon Tax

By Robert P. Murphy, Patrick J. Michaels, and Paul C. “Chip” Knappenberger. Working Paper No. 33. September 4, 2015.

On the Desirability of Nominal GDP Targeting

By Julio Garín, Robert Lester, and Eric Sims. Working Paper No. 32. August 12, 2015.

The Supply of Transaction Assets, Nominal Income, and Monetary Policy Transmission

By Joshua R. Hendrickson and David Beckworth. Working Paper No. 31. June 23, 2015.

International Developments in the Insurance Sector: The Road to Financial Instability?

By Therese M. Vaughan and Mark A. Calabria. Working Paper No. 30. May 27, 2015.

Is the Government Buying Science or Support? A Framework Analysis of Federal Funding-induced Biases

By David E. Wojick and Patrick J. Michaels. Working Paper No. 29. April 30, 2015.

Fatalistically Flawed: A Review Essay on Fragile by Design by Charles W. Calamoris and Stephen H. Haber

By George Selgin. Working Paper No. 28. March 19, 2015.

A Roadmap to Monetary Policy Reforms

By Norbert Michel. Working Paper No. 27. March 18, 2015.

The Conservatorships of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles

By Michael Krimminger and Mark A. Calabria. Working Paper No. 26. February 9, 2015.

The Resolution of Systematically Important Financial Institutions: Lessons from Fannie and Freddie

By Mark A. Calabria. Working Paper No. 25. January 13, 2015.

Marijuana Policy in Colorado

By Jeffrey Miron. Working Paper No. 24. October 23, 2014.

The Role of Mortgage Finance in Financial (In)Stability

By Mark A. Calabria. Working Paper No. 23. September 12, 2014.

Review of Greenlight Pinellas

By Randal O’Toole. Working Paper No. 22. August 14, 2014.

The Fiscal Impact of Immigration

By Alex Nowrasteh. Working Paper No. 21. July 23, 2014.

Review of Project Connect

By Randal O’Toole. Working Paper No. 20. May 30, 2014.

Does Immigration Impact Institutions?

By J. R. Clark, Robert A. Lawson, Alex Nowrasteh, Benjamin Powell, & Ryan Murphy. Working Paper No. 19. May 6, 2014.

The Paths to Mortgage Finance Reform and Their Budgetary Implications

By Ike Brannon and Mark A. Calabria. Working Paper No. 18. March 18, 2014.

Review of the Panama City Metro Project

By Randal O’Toole. Working Paper No. 17. March 12, 2014.

Drawing Meaningful Trends from the SAT

By Andrew J. Coulson. Working Paper No. 16. March 10, 2014.

Mortgage Reform under the Dodd-Frank Act

By Mark A. Calabria. Working Paper No. 15. January 27, 2014.

The Political Externalities of Immigration: Evidence from the United States

By Zachary Gochenour and Alex Nowrasteh. Working Paper No. 14. January 15, 2014.

The Use of Public Assistance Benefits by Citizens and Non-citizen Immigrants in the United States

By Leighton Ku and Brian Bruen. Working Paper No. 13. February 19, 2013.

Fiscal and Generational Imbalances and Generational Accounts: A 2012 Update

By Jagadeesh Gokhale. Working Paper No. 12. November 13, 2012.

Central Banks: Reform or Abolish?

By Gerald P. O’Driscoll Jr.. Working Paper No. 11. October 15, 2012.

Mitt Romney’s Energy Plan

By Jerry Taylor and Peter Van Doren. Working Paper No. 10. October 11, 2012.

The Misuse of Top 1 Percent Income Shares as a Measure of Inequality

By Alan Reynolds. Working Paper No. 9. October 4, 2012.