A former World Bank chief economist, the head of the Council of Economic Advisers under President George W. Bush, the President of the NBER, and an untenured assistant accounting professor walk into a bar…
No, wait, scratch that. It was a small conference room. And the assistant professor was UNC Tax Center Research Scholar Jeff Hoopes.
Hoopes found himself seated at the discussion table with many well-known veteran economists when he presented his research at a recent meeting of the Congressional Budget Office Panel of Economic Advisers.
Hoopes, Alan Auerbach of the University of California and John McClelland of the Congressional Budget Office spoke on “Observed Corporate Responses to TCJA (So Far).” During his presentation, Hoopes cited research results from a working paper he co-authored, “Tax Reform Made Me Do It!” which examines corporations’ actions and their statements about actions following the 2017 federal tax law changes.
Hoopes’ information will be used to inform the independent analyses of budgetary and economic issues the nonpartisan Congressional Budget Office generates to support the federal budgeting process.