Evan Soltas

May 7, 2016

Is Pro-Business Reform Pro-Growth?

John Cochrane and Brad DeLong are clashing over whether pro-business reforms, like making it easier for entrepreneurs to start businesses or register property, raise living standards. Using data from the World Bank's Doing Business Index, Cochrane claims that reforms that bring the U.S. to the frontier — defined as a score of 100 out of 100 from the World Bank's assessors — could double per-capita income. DeLong challenges these conclusions, pointing out they rely on a rather extreme extrapolation of a log-linear model and assertions that the relationship between ease of doing business and income is causal.

Apr 22, 2016

New Blog

Mar 18, 2016

Fiscal Policy and the ZLB