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August 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

Cost-of-Capital-Calculator: Adds additional flexibility for treatment of capital gains at death.

OG-USA: A new documentation using Jupyter Book.

UI_Calculator: A new incubating project for calcuating COVID unemployment insurance benefits.

Citations: DeBacker, Evans, and Pomerleau (OG-USA and Tax-Calculator); Ganong, Noel, and Vavra (UI_Calculator); Ghenis (Tax-Calculator); Zhong (PCI-China and PCI-Crackdown)

Cost-of-Capital-Calculator

A model that evaluates the effect of US federal taxes on businesses' investment incentives

Releases and new features

  • Adds additional flexibility for simulating changes in the treatment of capital gains at death (#313).

OG-USA

An overlapping-generations model for evaluating fiscal policy in the United States

General updates

  • OG-USA's documentation gets a makeover using Jupyter Book.

ParamTools

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

Releases and new features

  • Release 0.15.0  —  Provides support for a rich variety of inputs sources from local JSON files to files stored on GitHub, Amazon S3, or Google Cloud Storage (#111, #113, #116).

PCI-China

A machine learning algorithm that predicts China's policy changes by mining its state-controlled media

General updates

Tax-Calculator

A USA federal individual income and payroll tax microsimulation model

General updates

Tax-Cruncher

A model that calculates federal tax liabilities from individual data under a range of policy scenarios

Releases and new features

  • Tax-Cruncher Python package is now available for installation on the PSLmodels Anaconda channel. (#36).

PCI-Crackdown *

A machine learning algorithm that predicts crackdowns on protests by the Chinese military

General updates

  • Zhong discusses the PCI-Crackdown and the PCI's other capabilities of predicting China's next moves in the Building the Future podcast via the Center for Strategic and International Studies.
  • PCI-Crackdown's analysis of the Hong Kong protests will be demonstrated at the upcoming annual meeting of the American Political Science Association.

PCI-Outbreak *

A machine learning algorithm that estimates the true scale of epidemic outbreaks in China

General updates

UI_Calculator *

A model that calculates unemployment insurance (UI) benefits based on individual earnings history

General updates

  • This is a model developed by Peter Ganong (Chicago Harris), Pascal Noel (Chicago Booth), and Joseph Vavra (Chicago Booth) and newly included as an incubating project at PSL!
  • The research paper behind the model: "US Unemployment Insurance Replacement Rates During the Pandemic." A highlight of its analysis of the UI system under the CARES Act: Two-thirds of UI eligible workers can receive benefits which exceed lost earnings.
  • Ganong, Noel, and Vavra discuss how the current UI system can be improved in The Hill.
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 machine learning algorithm that predicts China's policy changes by mining its state-controlled media.
  • 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.
The asterisked are incubating projects and are expected to be brought into compliance with PSL Criteria.