Empirical evidence on the aggregate effects of anticipated and unanticipated US tax policy shocks

424 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Chronicle of a war foretold : the macroeconomic effects of anticipated defense spending shocks (2014, methodology): “Perotti (2007) argues that the Korean War was unusually large and it should be excluded from the analysis of the effects of government spending.”
Measuring the Impact of Fiscal Policy in the Face of Anticipation: A Structural VAR Approach* (2010, background): “see e.g. Poterba (1988) and Mertens and Ravn (2009) .”
Do corporate taxes hinder innovation (2017, neutral): “…on investment, productivity, and economic growth (Jorgenson, 1963; Hall and Jorgenson, 1967; Levine, 1991; Auerbach and Hassett, 1992; Cummins, Hassett, and Hubbard, 1996; Cullen and Gordon, 2007; Djankov, Ganser, McLiesh, Ramalho, and Shleifer, 2010; Romer and Romer, 2010; Mertens and Ravn, 2012).”
The Costs of Economic Nationalism: Evidence from the Brexit Experiment* (2019, methodology): “…contributions, notably in the context of ﬁscal policy, have extended traditional models in order to control directly for “foresight” of market participants, by including either narratively identiﬁed measures of anticipated shocks or data on expectations (Ramey, 2011; Mertens and Ravn, 2012).”