The Effect of Legislated Tax Changes on the Trade Balance: Empirical Evidence for the United States, Germany, and the United Kingdom

The Effect of Legislated Tax Changes on the Trade Balance: Empirical Evidence for the United States, Germany, and the United Kingdom

Using a narrative account of quarterly discretionary changes in tax liabilities from 1974Q4 to 2018Q2 in a VAR setting, we study whether legislative tax changes affect the trade balance in the US, Germany, and the UK. As legislative tax changes we consider (i) all changes, (ii) personal income tax c...

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Veröffentlicht in:MAGKS - Joint Discussion Paper Series in Economics (Band 03-2021)
Autoren: Hayo, Bernd, Mierzwa, Sascha
Format: Artikel
Sprache:Englisch
Veröffentlicht: Philipps-Universität Marburg 2021
Schlagworte:
tax policy
legislated tax changes
United States
United Kingdom
Fiscal policy
imports, Germany
exports
trade balance
narrative approach
Wirtschaft
VAR
Economics
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MAGKS - Joint Discussion Paper Series in Economics

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