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January 2020 Newsletter

This is a monthly newsletter of PSL model releases, events, and updates.
Subscribe at https://www.pslmodels.org and follow us on Twitter @PSLModels

User Highlights

PSL Meeting: Marco Del Negro will present the New York Fed's open-source DSGE model on January 31 at AEI at noon. Link

Tax-Cruncher: Matt Jensen and Peter Metz overview Tax-Cruncher's capabilities in a new AEI report, "Introduction to Tax-Cruncher." Link


Citations: Mathur (Tax-Calculator), Committee for a Responsible Federal Budget (Tax-Brain), Jensen and Metz (Tax-Calculator).  

Cost-of-Capital-Calculator

Evaluates the effect of US federal taxes on businesses' investment incentives

  • Releases and New Features
    • Release 1.0.8
      • Updates to Compute Studio outputs.
      • Additional testing to achieve 100% code coverage.

ParamTools

A library for parameter processing and validation with a focus on computational modeling projects

  • Releases and New Features
    • Release 0.11.0
      • Adds a warnings distinction to validators. By default, validators throw errors, but users may specify that they display warnings instead.
      • Adds a new when validator that allows users to specify complex conditional validation logic.

Tax-Calculator

USA Federal Individual Income and Payroll Tax Microsimulation Model

  • Releases and New Features
    • Release 2.7.0
      • Improves versioning process for use with pip installation.
      • Adds notification and documentation about when data extrapolation are not conducted by Tax-Calculator on startup.
      • Fixes a bug with the CPI_offset parameter.
      • Fixes the incorrect application of inflation indexing to the ceiling on SALT deductions.

Tax-Cruncher

Calculates federal tax liabilities from individual data under a range of policy scenarios

  • General Updates
    • Matt Jensen and Peter Metz overview Tax-Cruncher's capabilities in a new AEI report, "Introduction to Tax-Cruncher." Link
PSL Catalog
  • Behavioral-Responses is a partial-equilibrium behavioral module that works with Tax-Calculator.
  • Cost-of-Capital-Calculator evaluates the effect of US federal taxes on businesses' investment incentives.
  • OG-USA is an overlapping-generations model for evaluating fiscal policy in the United States.
  • ParamTools is a library for parameter processing and validation with a focus on computational modeling projects.
  • PCI-China is a quarterly indicator that predicts China's policy changes.
  • Tax-Brain is an integrator package for multiple open source tax models.
  • Tax-Calculator is a USA federal individual income and payroll tax microsimulation model.
  • Tax-Cruncher calculates federal tax liabilities from individual data under a range of policy scenarios.