The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States

By Karel Mertens, Morten O. Ravn. 2013

822 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/3953edb26fb6302e434ea804f812cc4be0fac046

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In Economics and Econometrics

Citations in the corpus

Narrative Sign Restrictions for SVARs (2018, positive): “This approach was first suggested in Stock and Watson (2008) and was developed independently by Stock and Watson (2012) and Mertens and Ravn (2013).1 There are important differences between our method and the existing narrative approaches.”
Taxation and Innovation in the 20th Century (2018, neutral): “Mertens and Ravn (2013) find that a one percentage point cut in the average personal income tax rate increases real GDP per capita by 1.4% on impact and by 1.8% after only 3 quarters.”
Local Projections vs. VARs: Lessons From Thousands of DGPs (2021, positive): “For IV identification, we further distinguish between internal IV methods (Ramey, 2011; Plagborg-Møller & Wolf, 2021) and external IV methods (Stock, 2008; Stock & Watson, 2012; Mertens & Ravn, 2013).”
Macroeconomic Shocks and Their Propagation (2016, neutral): “The presence of foresight invalidates the interpretation of the VAR reduced form residuals as prediction errors, 86 Handbook of Macroeconomics since the conditioning variables may not span the information set of forward-looking agents (Mertens and Ravn, 2013, 2014).”
Monetary Policy Surprises, Credit Costs, and Economic Activity † (2014, positive): “13Similarly to Mertens and Ravn (2013), we are using wild bootstrap that generates valid confidence bands under heteroskedasticity and strong instruments.”
Delphic and odyssean monetary policy shocks: Evidence from the euro area (2018, neutral): “Our estimation strategy relies on instrumenting the reduced-form VAR residuals with our high-frequency observable measures of exogenous monetary policy shocks as in Mertens and Ravn (2013) and Stock and Watson (2012).”
Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments (2013, positive): “5This does not mean that higher moments are not important, as shown for example by Nakamura et al. (2013) and Gourio (2012).”
International Channels of Transmission of Monetary Policy and the Mundellian Trilemma (2015, neutral): “For more details, see Mertens and Ravn (2013). INTERNATIONAL CHANNELS”
Measuring euro area monetary policy (2019, neutral): “Peersman and Smets (2002), Garcia and Schaller (2002) and Lo and Piger (2005), using a two-state Markow-Switching Model (MSM) nd that monetary policy is more powerful in recessions than in expansions.”