H21

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Investment in Energy Infrastructure and the Tax Code, Tax Policy and the Economy (2009)

Federal tax policy provides a broad array of incentives for energy investment. I review those...

 

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Oligopoly Deregulation and the Taxation of Commodities (with George Norman), Contributions in Economic Analysis & Policy (2008)

We examine market structure and optimal commodity taxation in a world in which firms produce...

 

Environmental Policy in the Energy Sector

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Distributional Implications of Alternative U.S. Greenhouse Gas Control Measures (with Sebastian Rausch, John M. Reilly, and Sergey Paltsev), The B.E. Journal of Economic Analysis & Policy (2010)

We analyze the distributional and efficiency impacts of different allowance allocation schemes motivated by recently...

 

Link

U.S. Energy Tax Policy (2010)

An edited volume on energy and climate policy with contributions by leading researchers in tax,...

 

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Reacting to Greenhouse Gas Emissions: A Carbon Tax to Meet Emission Targets (2009)

In previous papers I have described a revenue and distributionally neutral approach to reducing U.S....

 

Link

Breaking the Boom-Bust Oil Cycle (with Jason Bordoff), The Vine, The New Republic's Environment and Energy Blog (2009)
 

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Cost Containment in Climate Change Policy: Alternative Approaches to Mitigating Price Volatility, University of Virginia Tax Law Review (2009)

Cap and trade systems are emerging as the front-running policy choice to address climate change...

 

Link

The Design of a Carbon Tax (with David Weisbach), Harvard Environmental Law Review (2009)

We consider the design of a tax on greenhouse gas emissions for the United States....

 

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Energy Tax Incentives and the Alternative Minimum Tax (with Curtis Carlson), National Tax Journal (2008)

We take a first look at limitations on the use of energy-related tax credits contained...

 

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Cap and Trade Policies in the Presence of Monopoly and Distortionary Taxation (with Don Fullerton), Resource and Energy Economics (2002)

We extend an analytical general equilibrium model of environmental policy with pre-existing labor tax distortions...

 

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Environmental Controls, Scarcity Rents, and Pre-Existing Distortions (with Don Fullerton), Journal of Public Economics (2001)

One might suppose that an emissions tax has an advantage over command and control (CAC)...

 

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The 'New' View of Investment Decisions and Public Policy Analysis: An Application to Green Lights and Cold Refrigerators (with Donald Rosenthal), Journal of Policy Analysis and Management (1995)

Recent research in investment theory emphasizes the importance of sunk investment costs, uncertainty in returns,...

 

H20

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Oligopoly Deregulation and the Taxation of Commodities (with George Norman), Contributions in Economic Analysis & Policy (2008)

We examine market structure and optimal commodity taxation in a world in which firms produce...

 

H2

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A Note on Weak Double Dividends (with Mustafa H. Babiker and John Reilly), Topics in Economic Analysis & Policy (2008)

A weak double-dividend is the proposition that the welfare improvement from a green tax reform,...

 

D43

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Oligopoly Deregulation and the Taxation of Commodities (with George Norman), Contributions in Economic Analysis & Policy (2008)

We examine market structure and optimal commodity taxation in a world in which firms produce...

 

Taxation: Incidence

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Distributional Implications of Alternative U.S. Greenhouse Gas Control Measures (with Sebastian Rausch, John M. Reilly, and Sergey Paltsev), The B.E. Journal of Economic Analysis & Policy (2010)

We analyze the distributional and efficiency impacts of different allowance allocation schemes motivated by recently...

 

Link

U.S. Energy Tax Policy (2010)

An edited volume on energy and climate policy with contributions by leading researchers in tax,...

 

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Tax Incidence (with Don Fullerton), Handbook of Public Economics (2002)

This chapter reviews the concepts, methods, and results of studies that analyze the incidence of...

 

Q2

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A Note on Weak Double Dividends (with Mustafa H. Babiker and John Reilly), Topics in Economic Analysis & Policy (2008)

A weak double-dividend is the proposition that the welfare improvement from a green tax reform,...

 

Energy Tax Policy

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On the Rebound: Letter to the Editor, The New Yorker (2011)
 

Link

Distributional Implications of Alternative U.S. Greenhouse Gas Control Measures (with Sebastian Rausch, John M. Reilly, and Sergey Paltsev), The B.E. Journal of Economic Analysis & Policy (2010)

We analyze the distributional and efficiency impacts of different allowance allocation schemes motivated by recently...

 

Link

U.S. Energy Tax Policy (2010)

An edited volume on energy and climate policy with contributions by leading researchers in tax,...

 

PDF

Tax Policies for Low-Carbon Technologies, National Tax Journal (2009)

The following paper discusses the difficulties of achieving climate change policy goals with low-carbon subsidies...

 

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Cost Containment in Climate Change Policy: Alternative Approaches to Mitigating Price Volatility, University of Virginia Tax Law Review (2009)

Cap and trade systems are emerging as the front-running policy choice to address climate change...

 

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Investment in Energy Infrastructure and the Tax Code, Tax Policy and the Economy (2009)

Federal tax policy provides a broad array of incentives for energy investment. I review those...

 

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Federal Tax Policy Towards Energy, Tax Policy and the Economy (2007)

On Aug. 8, 2005, President Bush signed the Energy Policy Act of 2005 (PL 109-58)....

 

Environmental Policy

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Distributional Implications of Alternative U.S. Greenhouse Gas Control Measures (with Sebastian Rausch, John M. Reilly, and Sergey Paltsev), The B.E. Journal of Economic Analysis & Policy (2010)

We analyze the distributional and efficiency impacts of different allowance allocation schemes motivated by recently...

 

Link

U.S. Energy Tax Policy (2010)

An edited volume on energy and climate policy with contributions by leading researchers in tax,...

 

PDF

Cost Containment in Climate Change Policy: Alternative Approaches to Mitigating Price Volatility, University of Virginia Tax Law Review (2009)

Cap and trade systems are emerging as the front-running policy choice to address climate change...

 

Environmental Taxation: What Have We Learned in This Decade?, Tax Policy Lessons From the 2000s (2009)
 

No subject area

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Submission on the Use of Carbon Fees To Achieve Fiscal Sustainability in the Federal Budget (2010)

The National Commission on Fiscal Responsibility and Reform should consider a carbon fee as an...

 

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Tax Policies for Low-Carbon Technologies (2009)
 

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Market-based Policy Options to Control U.S. Greenhouse Gas Emissions, Journal of Economic Perspectives (2009)

The United States is moving closer to enacting a policy to reduce domestic emissions of...

 

Link

Plugging 21st Century Technology Into a 19th Century Grid System (2009)
 

OpenURL

The Incidence of a U.S. Carbon Tax: A Lifetime and Regional Analysis (with Kevin Hassett and Aparna Mathur), The Energy Journal (2009)

This paper measures the direct and indirect incidence of a carbon tax using current income...

 

The Consumer Burden of a Cap-and-Trade System with Freely Allocated Permits (with Kevin Hassett and Aparna Mathur) (2008)
 

A New Administration: A New Climate Change Policy (with David Weisbach) (2008)
 

Taxing Energy in the United States: Which Fuels Does the Tax Code Favor? (2008)
 

Policy Options to Control U.S. Greenhouse Gas Emissions (2008)
 

OpenURL

Taking a Closer Look at Energy Subsidies in the Federal Tax Code, Resources for the Future Weekly Policy Commentary (2008)
 

Assessing the Federal Deduction for State and Local Tax Payments, NBER Working Paper 14023 (2008)
 

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Using Tax Expenditures to Achieve Energy Policy Goals, American Economic Review (2008)

Tax expenditures are a major source of support for energy related activities in the federal...

 

Analysis of U.S. Greenhouse Gas Tax Proposals (with Sergey Paltsev, John Reilly, Henry Jacoby, Angelo Gurgel, Andrei Sokolov, and Jennifer Holak), MIT Joint Program on the Science and Policy of Global Change Discussion Paper 136 (2008)
 

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An Empirical Analysis of Energy Intensity and Its Determinants at the State Level,", The Energy Journal (2008)

Aggregate energy intensity in the United States has been declining steadily since the mid-1970s and...

 

Distortions, International Encyclopedia of the Social Sciences (2008)
 

OpenURL

"Policy Options for Controlling Greenhouse Gas Emissions: Implications for Agriculture" (with John M. Reilly), Choices (2008)
 

OpenURL

The Whys and Hows of Energy Taxes (with Kevin A. Hassett), Issues in Science and Technology (2008)
 

OpenURL

A Proposal for a U.S. Carbon Tax Swap: An Equitable Tax Reform to Address Global Climate Change, Discussion Paper 2007-12, Hamilton Project, Brookings Institute (2007)
 

OpenURL

Renewable Resources – The Future of Financing Alternative Energy (with Paul Bent), Report prepared for the Equipment Leasing & Finance Foundation (2007)
 

OpenURL

An Energy Tax Policy for the Twenty-First Century (with Kevin A. Hassett), IAEE Newsletter (2007)
 

OpenURL

Green Employment Tax Swap: Using a Carbon Tax to Finance Payroll Tax Relief, A Brookings Institution -World Resources Institute Tax Reform, Energy and the Environment Policy Brief (2007)
 

OpenURL

Additional Thoughts on Federal Energy Tax Incentives, Dialogue (2007)
 

OpenURL

Which Plan on Climate Change?, The Boston Globe (2007)
 

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A Comment on the Role of Prices for Excludable Public Goods (with Jongsang Park)., International Tax and Public Finance (2007)

Blomquist and Christensen [(2005). The role of prices for excludable public goods, International Tax and...

 

Computing Tax Rates for Economic Modeling: A Global Dataset Approach (with Angelo Gurgel, Nicolas Osouf, and John Reilly), MIT Joint Program on the Science and Policy of Global Change Technical Note (2007)
 

OpenURL

What Would a Rational Energy Tax Policy Look Like? (with Kevin A. Hassett), Tax Analysts Special Supplement on Energy (2006)
 

Comparing Tax Rates Using OECD and GTAP6 Data (with Angelo Gurgel and John Reilly), MIT Joint Program on the Science and Policy of Global Change Technical Note 7 (2006)
 

OpenURL

Energy Efficiency, Pew Center/NCEP Workshop on The 10-50 Solution: Technologies and Policies for a Low-Carbon Future (2006)
 

OpenURL

Tax Solutions, Issues in Science and Technology (2006)
 

OpenURL

Advances in Empirical Environmental Policy Research, Journal of Environmental Economics and Management (2004)
 

OpenURL

Fooled by the Shell Game, The Boston Globe (2004)
 

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Tax Distortions and Global Climate Policy (with Mustafa Babiker and John Reilly)., Journal of Environmental Economics and Management (2003)

We consider the efficiency implications of policies to reduce global carbon emissions in a world...

 

The Distribution of Tax Burdens (2003)
 

Oligopoly Deregulation in General Equilibrium: A Tax Neutralization Result (with George Norman), Tufts Working Paper 2002-10 (2002)
 

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Environmental Levies and Distortionary Taxation: Pigou, Taxation, and Pollution, Journal of Public Economics (2002)

I note an important distinction between the optimal price of environmental quality in a second-best...

 

OpenURL

Environmental Taxes to Finance Capital Tax Reform (with Kevin A. Hassett), Redefining Progress Accurate Prices Program (2001)
 

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A Tax on Output of the Polluting Industry is not a Tax on Pollution: The Importance of Hitting the Target, Behavioral and Distributional Effects of Environmental Policy (2001)
 

Behavioral and Distributional Effects of Environmental Policy (2001)
 

OpenURL

Review of Brännlund, R. and I. Gren, Green Taxes: Economic Theory and Empirical Evidence From Scandinavia, National Tax Journal (2000)
 

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Measuring the Energy Savings from Home Improvement Investments: Evidence from Monthly Billing Data (with Kevin A. Hassett), Review of Economics and Statistics (1999)

An important factor driving energy policy over the past two decades has been the "energy...

 

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Investment with Uncertain Tax Policy: Does Random Tax Policy Discourage Investment? (with Kevin A. Hassett), The Economic Journal (1999)

The authors consider the impact of tax policy uncertainty on firm level and aggregate investment,...

 

Household Energy Conservation Investment and the Uninformed Consumer Hypothesis (with Alexander M. Brill and Kevin A. Hassett) (1999)
 

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A Distributional Analysis of Green Tax Reforms, National Tax Journal (1999)

I measure the distributional impact of a shift toward greater reliance on environmental taxes (a...

 

Consumption Taxation, Encyclopedia of Taxation and Tax Policy (1999)
 

OpenURL

Value-Added Taxation: A Tax Whose Time Has Come?, Journal of Economic Perspectives (1999)

Value-added taxes (VATs) are used in a large number of developed countries and have been...

 

OpenURL

Review of Aaron, H. and W. Gale, Economic Effects of Fundamental Tax Reform, National Tax Journal (1998)
 

OpenURL

The National Sales Tax: Who Bears the Burden?, Cato Policy Analysis No. 289 (1997)
 

OpenURL

Review of Creedy, J., Fiscal Policy and Social Welfare, Journal of Economic Literature (1997)
 

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Specification Testing in Panel Data with Instrumental Variables, Journal of Econometrics (1996)

I show that specification tests for correlated fixed effects developed by Hausman and Taylor extend...

 

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Can Irreversibility Explain the Slow Diffusion of Energy Saving Technologies? (with Kevin Hassett), Energy Policy (1996)

A model was developed on the effects of irreversibility on home improvement behavior. It is...

 

Labor Supply and Welfare Effects of a Shift from Income to Consumption Taxation, Empirical Foundations of Household Taxation (1996)
 

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Specification Testing in Panel Data with Instrumental Variables, Journal of Econometrics (1996)

I show that specification tests for correlated fixed effects developed by Hausman and Taylor extend...

 

The Role of a Value-Added Tax in Fundamental Tax Reform, Frontiers of Tax Reform (1996)
 

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Energy Tax Credits and Residential Conservation Investment: Evidence from Panel Data (with Kevin Hassett), Journal of Public Economics (1995)

Using panel data on individual tax returns and variation in state tax policy, we measure...

 

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Investment under Alternative Return Assumptions: Comparing Random Walks and Mean Reversion (with Kevin Hassett), Journal of Economic Dynamics and Control (1995)

Many recent theoretical papers have come under attack for modeling prices as Geometric Brownian Motion....

 

The Lifetime Incidence of a Consumption Tax, Distributional Analysis of Tax Policy (1995)
 

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Value Added Taxation: A Tax Whose Time Has Come?, Journal of Economic Perspectives (1995)

Value-added taxes (VATs) are used in a large number of developed countries and have been...

 

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Economics and Rational Conservation Policy, Energy Policy (1994)

Energy analysts have long been concerned with the apparently low level of energy-efficient investments and...

 

The Lifetime Incidence of State and Local Taxes: Measuring Changes During the 1980s, Tax Progressivity in the 1980s (1994)
 

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Energy Conservation Investment: Do consumers discount the future correctly? (with Kevin A. Hassett), Energy Policy (1993)

We argue that the apparently high discount rates attributed to investors making energy conservation investments...

 

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The Role of Federal Taxation in the Supply of Municipal Bonds: Evidence from Municipal Governments, National Tax Journal (1991)

This paper considers ways in which federal tax policy affects municipal asset and debt holdings....

 

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Arbitrage and the Savings Behavior of State Governments, Review of Economics and Statistics (1990)

The federal tax code creates strong incentives for tax arbitrage on the part of state...

 

OpenURL

Federal Tax Policy and Municipal Financial Behavior, 1988 Proceedings of the Eighty First Annual Conference of the National Tax Association Tax Institute of America (1989)
 

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The Effect of Federal Tax Deductibility on State and Local Taxes and Spending (with Martin S. Feldstein), Journal of Political Economy (1987)

This paper examines the effect of federal deductibility of state and local taxes on the...

 

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Cross Media Transfers of Hazardous Wastes (with Daniel J. Dudek and Cleve E. Willis), Northeastern Journal of Agricultural and Resource Economics (1984)
 

OpenURL

Electroplating Firm Response to Pretreatment Regulations, Proceedings of The First Annual Massachusetts Hazardous Waste Source Reduction Conference (1984)
 

The Demand for Regional Treatment, Storage, and Disposal Facilities (with Daniel J. Dudek and Cleve E. Willis), Proceedings of the Fifteenth Mid Atlantic Industrial Waste Conference (1983)