This paper characterizes the dynamic effects of shocks in government spending and taxes on economic activity in the … the automatic response of taxes and spending to activity, and, by implication, to infer fiscal shocks. The results … negative effect. The multipliers for both spending and tax shocks are typically small. Turning to the effects of taxes and …

Income taxes are typically set to raise revenues and redistribute income at the lowest possible efficiency costs, which … result from the distortions in individual behaviors that taxes entail. Individuals can respond along many margins, such as … labor supply, tax avoidance and evasion, and geographic mobility. But one margin that taxes may affect -- innovation -- is …

loss of deductibility of property taxes -- on owner-occupied housing in the aggregate. However, this housing will generally …

incentives and marginal tax rates would tend to lower before-tax interest rates, and lower taxes on existing corporate capital …

maximizing the property's depreciation tax shelter net of all capital gain taxes and transaction costs.This paper develops a …

aggregate saving, real pretax interest rates rise by nearly two percentage points. Corporate profit taxes decline by 60 percent …

use to think about income and estate taxes. To that end, I run large-scale online surveys and experiments on … to taxes: efficiency effects, distributional implications, and fairness considerations. But they also elicit broader … concerns that could influence policy views, such as misperceptions, views of government, perceived spillovers from taxes, and …