Quantifying Tax Effects Under Policy Foresight

By Shu-Chun S. Yang. 2005

129 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/58340d48ea62cdfb87ee77fea00ce6723115866b

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Citations in the corpus

Fluctuating Macro Policies and the Fiscal Theory [with Comments and Discussion] (2005, unknown): “(6) 16Detailed expositions appear in Yun (1996, 2004), Woodford (2003), and Schmitt-Grohe and Uribe (2004).”
Estimating Fiscal Multipliers: News From A Non‐linear World (2015, unknown): “…Secondly, anticipation e¤ects are likely to be of great relevance in the transmission of scal policy e¤ects, a phenomenon often referred to as " scal foresight" (see, among others, Yang (2005), Mertens and Ravn (2011), Ramey (2011), Gambetti (2012a, 2012b), Leeper, Walker, and Yang (2013)).”
The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States (2013, unknown): “78 in quarterly US data for the sample period 1947–1997. Our estimates imply significantly larger effects on economic activity. Mertens and Ravn (2012b) provide a detailed analysis of this result and argue that the key discrepancy relates to the elasticity of tax revenues to output.”
Marginal Tax Rates and Income: New Time Series Evidence (2013, unknown): “Assuming E[υt ,vτt−1] = 0, the OLS coefficient in the regressions of ∆ lne s t on 16See for instance Yang (2005), House and Shapiro (2006), Mertens and Ravn (2011) or Born, Peter and Pfeifer (2013).”
Dynamics of Fiscal Financing in the United States (2009, unknown): “Our tight prior on s is a reflection of its weak identifiability. domains cover the range of values estimated by past research [see Blanchard and Perotti (2002), Giorno, Richardson, Roseveare, and van den Noord (1995), and Yang (2005) for examples].”
Fiscal Foresight and Information Flows (2012, background): “In fact, in a neoclassical growth model, where the permanent income hypothesis holds, consumption responds both at the time that news about a future change in capital or labor tax rates arrives and after the implementation of the tax rate change [see Yang (2005) ].”
Fiscal Foresight: Analytics and Econometrics (2008, unknown): “Fiscal foresight poses a formidable challenge because, as Yang (2005) shows, it generates an equilibrium with a non-invertible VARMA representation.2 Non-invertibility, in turn,”
Empirical evidence on the aggregate effects of anticipated and unanticipated US tax policy shocks (2012, background): “…on the economy prior to their implementation has been explored extensively in the literature on fiscal policy, see e.g. Hall, 1971, Auerbach, 1989, Yang, 2005, and House and Shapiro, 2006, for the case of tax shocks, or Blanchard, 1981, Taylor, 1993, and Ramey, 2011, for the case of government…”
Government Investment and Fiscal Stimulus (2010, methodology): “Following Mountford and Uhlig (2009), the present-value multipliers for output, consumption, and private investment are computed.”
Fiscal Policy Shocks in the Euro Area and the US: An Empirical Assessment (2010, unknown): “See also Yang (2005).”