Replication data for: Phased-In Tax Cuts and Economic Activity
Principal Investigator(s): View help for Principal Investigator(s) Christopher L. House; Matthew D. Shapiro
Version: View help for Version V1
Name | File Type | Size | Last Modified |
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20040257_data_graphs.zip | application/zip | 763.2 KB | 12/07/2019 07:24:AM |
20040257_simulations.zip | application/zip | 29.1 KB | 12/07/2019 07:24:AM |
LICENSE.txt | text/plain | 14.6 KB | 12/07/2019 07:24:AM |
Project Citation:
House, Christopher L., and Shapiro, Matthew D. Replication data for: Phased-In Tax Cuts and Economic Activity. Nashville, TN: American Economic Association [publisher], 2006. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116251V1
Project Description
Summary:
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This paper uses a dynamic general equilibrium model to analyze and quantify the aggregate effects of the timing of tax rate changes enacted in 2001 (which called for successive rate reductions through 2006) and 2003 (which made immediate tax rate cuts scheduled for 2004 and 2006). The phased-in nature contributed to the slow recovery from the 2001 recession, while the elimination of the phase-in helped explain the increase in economic activity in 2003. The simulations suggest while the tax policy was a drag on the
economy in 2001 and 2002, it increased economic growth in 2003, once phase-ins were eliminated. (JEL D58, E32, E62, H24, H25, O41)
Scope of Project
JEL Classification:
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E32 Business Fluctuations; Cycles
H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
H25 Business Taxes and Subsidies including sales and value-added (VAT)
H30 Fiscal Policies and Behavior of Economic Agents: General
E32 Business Fluctuations; Cycles
H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
H25 Business Taxes and Subsidies including sales and value-added (VAT)
H30 Fiscal Policies and Behavior of Economic Agents: General
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