Asymmetric tax multipliers

Using recently published tax series by Romer and Romer (2010) and Cloyne (2013) we examine whether or not positive and negative tax shocks have asymmetric effects on the U.S. and U.K. economies. We find that in the U.S. positive tax shocks—tax increases—do not affect output while negative tax shocks—tax cuts—have large, positive effects. In the U.K., tax increases substantially reduce output while tax cuts have no significant effect.

MoreLess

Year of publication:	2015
Authors:	Jones, Paul M. ; Olson, Eric ; Wohar, Mark E.
Published in:	Journal of Macroeconomics. - Elsevier, ISSN 0164-0704. - Vol. 43.2015, C, p. 38-48
Publisher:	Elsevier
Subject:	Tax multipliers \| Nonlinear models

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Classification:	H50 - National Government Expenditures and Related Policies. General ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; E30 - Prices, Business Fluctuations, and Cycles. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011194172