Putting economic theory to the test
February 12, 2026
Economists and politicians have weighed the benefits of different theoretical models for years, but a lack of direct, empirical evidence showing the macroeconomic effects of fiscal policy has made it difficult to argue for or against government funding at the local level. That’s why University of Cincinnati economics professor David Brasington, PhD, published a new study called “Fiscal policy and economic activity: New Causal Evidence” in the Scandinavian Journal of Economics. By examining decades of levy renewal data across the state of Ohio, the study estimates the impact of property taxes on income beyond theoretical projections.