The Macroeconomic Effects Of Tax Changes: Estimates Based On A New Measure Of Fiscal Shocks
- Topics:
- Organization
- Tags:
- Change,
- Finance,
- Financial Planning,
- Free Trade,
- Taxes
FREE Registration is required
Overview: This paper investigates the impact of changes in the level of taxation on economic activity. The paper uses the narrative record - presidential speeches, executive-branch documents, and Congressional reports - to identify the size, timing, and principal motivation for all major postwar tax policy actions. This narrative analysis allows us to separate revenue changes resulting from legislation from changes occurring for other reasons. It also allows us to further separate legislated changes into those taken for reasons related to prospective economic conditions, such as countercyclical actions and tax changes tied to changes in government spending, and those taken for more exogenous reasons, such as to reduce an inherited budget deficit or to promote long-run growth.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: PDF | Size: 418KB | Date: Mar 2007 | Pages: 68







