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Journal of Economic Perspectives: Vol. 10 No. 1 (Winter 1996)
JEP Volume. 10, Issue 1 |
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Dynamic Revenue Estimation
Article Citation
Auerbach, Alan J. 1996. "Dynamic Revenue Estimation."
Journal of Economic Perspectives,
10(1): 141-157.
DOI: 10.1257/jep.10.1.141
DOI: 10.1257/jep.10.1.141
Abstract
This paper considers the question of adopting 'dynamic' revenue estimation methods, which would incorporate the predicted macroeconomic effects of policies. It describes the current revenue estimation process and how these estimates are used in the formation of policy. It then evaluates this process as an exercise in forecasting, considering not only its methodology but also its performance. This evaluation illustrates some of the difficulties that would accompany attempts to use dynamic methods. Finally, the paper relates the choice among different revenue estimation procedures to the political process and the use to which the revenue estimates are put.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Auerbach, Alan J. (U CA, Berkeley)
JEL Classifications
E62: Fiscal Policy
H20: Taxation, Subsidies, and Revenue: General
H20: Taxation, Subsidies, and Revenue: General
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