This paper analyzes the contribution of anticipated capital and labor tax shocks to business cycle volatility in an … frequencies, the anticipated component hardly matters for explaining fluctuations of real variables. Anticipated capital tax … shocks do explain a sizable part of inflation and interest rate fluctuations, accounting for between 5 and 15 percent of …

This paper analyzes the contribution of anticipated capital and labor tax shocks to business cycle volatility in an … frequencies, the anticipated component hardly matters for explaining fluctuations of real variables. Anticipated capital tax … shocks do explain a sizable part of inflation and interest rate fluctuations, accounting for between 5 and 15 percent of …

This paper analyzes the contribution of anticipated capital and labor tax shocks to business cycle volatility in an … frequencies, the anticipated component hardly matters for explaining fluctuations of real variables. Anticipated capital tax … shocks do explain a sizable part of inflation and interest rate fluctuations, accounting for between 5 and 15 percent of …

This paper analyzes the contribution of anticipated capital and labor tax shocks to business cycle volatility in an … frequencies, this mostly derives from anticipated government spending shocks. Tax shocks, both anticipated and unanticipated …, contribute little to the fluctuations of real variables. However, anticipated capital tax shocks do explain a sizable part of …