Economic research and policy solutions serving the public interest

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About the Institute

The Institute for Macroeconomic & Policy Analysis (IMPA), housed at the Economics Department of American University, is a nonpartisan research institute that acts as a forum for academic debates and a resource for policymakers on macroeconomics, inequality, and economic policy. Grounded in up-to-date economic research, IMPA is building macroeconomic policy models to provide detailed analysis of the economic and distributional impacts of policy proposals.

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IMPA’s Take: TCJA and Tax Policy

This brief explains IMPA’s new analysis of the corporate tax cuts in the Tax Cuts and Jobs Act (TCJA), showing that the IMPA model would have outperformed existing models in analyzing TCJA by correctly predicting the anemic growth in investment, output, jobs, and wages that followed its enactment.

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In the News: IMPA's new brief featured in POLITICO's Weekly Tax newsletter

The entry LET’S RAISE SOME TAXES succinctly describes IMPA's argument that "taxes on capital gains and dividends don’t have much bearing on long-term growth."


In the News: IMPA's new brief featured in THE HILL

"Biden’s capital gains taxes would boost economic equality: Analysis," by Tobias Burns (June 2024)