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.
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.
In the News: IMPA's new analysis featured in The Atlantic
"We’ve Been Measuring the Economy All Wrong: Questionable theoretical assumptions drive economic models to rubber-stamp disastrous policy changes," by Annie Lowrey