Hubbard says tax cuts were not reform, and not bold enough. Suggests they could have included carbon tax, border adjustment tax, move toward VAT to help deal with revenue losses. #ASSA2018
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#assa2018
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Glenn Hubbard - Good in tax reform: corporate tax cut, doubling standard deduction. Bad: pass-through provisions. Ugly: No work support, no health care provisions fix. #ASSA2018
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Animated Austan Goolsbee: “The argument this will lead to a renaissance of growth, the moving back of factories, more employment, is ridiculous. It’s not even close.”
#ASSA2018
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Furman sees the need for additional tax legislation to fix all the faults of the Trump tax cuts. He suggests we call it “Repeal and Replace.”
#ASSA2018
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Jason Furman sees the tax cuts creating legislated instability (bc of expirations and complexity); economic instability; political instability. #ASSA2018
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Kristin Forbes notes 90% of 2004 repatriation cash went to shareholders rather than to investment. She expects the same thing to happen this time. #ASSA2018
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CEA’s Hassett says tax bill will cause US companies to increase investment because they can keep profits here, rather than overseas. “The next plant is going to be located here.” #ASSA2018
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FinTech panel happening right now in Loews Regency room. Despite the name, it's all about cryptos. @Susan_Athey, Campbell Harvey, Maureen O'Hara, David Yermack are in the discussion panel in a packed room. #ASSA2018
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My search committee skipped #assa2018 & instead did video interviews in part bc @CFCamerer told me that's what CalTech does. Thank you, Colin!
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3rd time is the charmer - Boarding (finally) on the plane to Philly. See everyone tomorrow at #ASSA2018 (even though I'll be interviewing people all day). Find me at the @urpe1968 reception. Look forward to catching up!
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The only people on the roads between New England and Philadelphia today were truckers and economists trying to make it to #ASSA2018 sessions.
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Second flight to #ASSA2018 canceled. Trying to get there late 2night. Hopefully...
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Looking forward to an exciting #ASSA2018 session on #minimumwages with Thomas Lemieux, Attila Lindner, Christian Moser, Brian Phelan, David Autor, David Lee, and Fabien Postel-Vinay (Sat...
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Econ meetings in Philadelphia in '14: HORRIBLE snow/cold
SF, LA, Miami, Orlando, Dallas beckon us #ASSA2018...
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To cheer up all organizational economists going to chill Philadelphia for #ASSA2018: Org Econ workshop in Barcelona, June 2018, co-organized by a bunch of excellent folks www.barcelonagse.eu/summer-forum/workshop-or... cc: @lugaricanO
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For people working in cryptos who also happen be in Philadelphia (#assa2018) on January 5: I'll be presenting a new paper from 12:30-2:15pm (as part of a group of 3 presenters from #ITFA). The tentative title is "Cryptocurrencies As a New Global Financial Asset".
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#economics & #business // Theory & empirics // #Econometrics + #DataScience. Interested? @ceuhungary Budapest is hiring. http://bit.ly/2iN8mi5 Apply and meet at #ASSA2018
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Will be at #ASSA2018. Apply this week to meet us there.
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@ceuhungary Econ/Business Dept is hiring #DataScience #econometrics - Apply https://tinyurl.com/y9olq8rk - Will be at #ASSA2018
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