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

Climate Models and Climate Reality: A Closer Look at a Lukewarming World

By Patrick J. Michaels and Paul C. “Chip” Knappenberger. Working Paper No. 35. December 15, 2015.

China’s Challenge: Expanding the Market, Limiting the State

By James A. Dorn. Working Paper No. 34. December 3, 2015.

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. Calomiris 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.