Becker Friedman Institute
for Research in Economics
The University of Chicago

Research. Insights. Impact. Advancing the Legacy of Chicago Economics.

Fiscal Insights Series

Articles from Distinguished Research Fellows explore fiscal challenges

In this series, the institute's Distinguished Research Fellows share research-based articles exploring policy questions around debt, wages, taxes and inflation.

These articles are available here and also on the institute's Medium site.

Honoring Public Debts
by Thomas J. Sargent
Viewing the past through the lens of government bonds, Sargent shows how the interest of bondholders can have a strong influence on government policy, from how treaties are written to decisions around going to war.

A Pro-Growth Tax Structure
by Edward Lazear
A more efficient tax code is the key to stronger economic growth and our children's future, Lazear writes. 
 
The Radical Implications of Stable Quiet Inflation at the Zero Bound
by John Cochrane
The zero bound is not an obvious "state variable" for economic dynamics, Cochrane writes.