Grounded in contemporary economics research, the IMPA model emphasizes economic realities that existing models ignore or underestimate: income and wealth inequality, the widespread prevalence of market power in labor and goods markets, productive public capital, and heterogeneity among firms and sectors in the economy.
At this launch event, the IMPA will unveil its next-generation tax policy model, designed to provide comprehensive and transparent analyses of ongoing debates in tax and economic policy.
This event features: Bharat Ramamurti, Deputy Director of the National Economic Council, Danielle Goonan, a Managing Director at Economic Policy Investments, Equity & Economic Opportunity at The Rockefeller Foundation, and Michael Linden, an Executive Associate Director at the Office of Management and Budget.
Attendees will hear opening remarks from Professor Joseph Stiglitz, Nobel laureate in economics and former Chief Economist at the World Bank, as well as a talk entitled “Capital Taxation and Market Power” from Kimberly Clausing, former Deputy Assistant Secretary for Tax Analysis at the U.S. Department of the Treasury.
As essential tools for policymakers and other stakeholders, macroeconomic policy models estimate the long-run economic effects of legislative proposals on the economy. Model results comment on everything from how proposed policies will affect the size of the economy to the distribution of employment, income, and wealth. As a result, the outputs of these models have important implications for the types of policies that journalists, policymakers, and other key stakeholders understand to be beneficial – or detrimental – for the economy.
Partners
Speakers/Moderators
- Ignacio González
Speaker
Assistant Professor of Economics
American University
- Juan A Montecino
Speaker
Assistant Professor of Economics
American University
- Lídia Brun
Speaker
Economist in Residence
American University