Regional Effects of Federal Tax Shocks

Regional Effects of Federal Tax Shocks

This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie bet...

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Publicado en:MAGKS - Joint Discussion Paper Series in Economics (Band 17-2012)
Autoren: Hayo, Bernd, Uhl, Matthias
Formato: Arbeit
Idioma:inglés
Publicado: Philipps-Universität Marburg 2012
Schlagworte:
Fiscal Policy ∙ Tax Policy ∙ Narrative Approach ∙ U.S. States ∙ Regional Effects ∙ Asymmetries in Fiscal Policy Transmission
Wirtschaft
Economics
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MAGKS - Joint Discussion Paper Series in Economics

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