Discretionary Tax Changes and the Macroeconomy: New Narrative Evidence from the United Kingdom †

By J. Cloyne. 2013

215 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/808eb9f8128b24776875a28050dc57f090d1227a

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In Economics and Econometrics

1. Khalid Ahmed
2. P. Surico
3. Mujeeb Ur Rehman
4. Nicoletta Batini
5. J. M. Olea
6. P. Hürtgen
7. J. Cloyne
8. L. Forni

Citations in the corpus

• What drives carbon dioxide emissions in the long-run? Evidence from selected South Asian Countries (2016, background): “However, the concept of exogeneity in IAA is different from Granger causality in a way that in IAA it refers to the contemporaneous value of an endogenous variable and the contemporaneous error term of another variable (Cloyne, 2013).”
• The macroeconomic effects of monetary policy: a new measure for the United Kingdom (2014, methodology): “Narrative approaches have also been employed to identify tax shocks (Romer and Romer, 2010; Cloyne, 2013) and government spending shocks (Ramey and Shapiro, 1998; Ramey, 2011).”
• Marginal Tax Rates and Income: New Time Series Evidence (2013, background): “Also using tax reforms for identification, Cloyne (2013) and Hayo and Uhl (2014) find remarkably similar results for the UK and Germany, while Leigh, Pescatori and Guajardo (2014) find large contractionary effects of tax based fiscal consolidations in OECD countries.”
• Fiscal Multipliers : Size, Determinants, and Use in Macroeconomic Projections (2014, methodology): “NARRATIVE APPROACH: FIRST-YEAR TAX MULTIPLIERS1 Study Country T Notes Cloyne (2013) United Kingdom 0.6 Maximum multiplier reached after 10 quarters (about 2.5) Favero and Giavazzi (2012) United States 0.7 Maximum multiplier reached after 9 quarters (just below 1) Guajardo and others (2014) Panel of…”
• Household Debt and the Dynamic Effects of Income Tax Changes (2017, methodology): “In Romer and Romer (2010) and Cloyne (2013), the tax measure can be thought of as the change in an aggregate average tax rate.”