This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive … model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find … differences in the magnitude of regional tax multipliers suggests that industry composition of output and sociodemographic …

This paper presents a historical account of legislated tax changes in the Federal Republic of Germany from 1964 to 2010 …. Ninety-five quantitatively important pieces of tax legislation are identified and characterized along several dimensions: Tax … and timing is reported. The evolution of tax acts is described, capturing changes in tax measures and associated revenue …

of tax changes on consumption and savings; and 4) the effect of tax changes on labour market activities. …

payroll tax reduction. Our results show that 55% of the respondents spend the extra money, indicating considerable potential … for tax changes to affect consumption and economic activity. Our analysis of the socio-demographic and economic … determinants of consumption responses suggests that temporary and permanent tax changes have a similar impact, that interest rates …

unresponsive to taxation. Second, we look at self-reported labour supply adjustments following a recently enacted payroll tax …, as well as a substitution, effect of the tax change. Our conclusion is that effects of taxes on labour supply in Germany …

multiplier is relatively small and the tax multiplier relatively large. After four years, the government spending multiplier is 0 ….6 and the tax multiplier -2.62. This conclusion is found to be robust across different model specifications. I also find …

This paper studies the short-run macroeconomic effects of legislated tax changes in Germany using a vector … autoregression (VAR) approach. Identification of the tax shock follows the narrative approach recently proposed by Romer and Romer … monetary policy reaction following announcement of the tax policy. In response to a 1 percent increase in the tax-to-GDP ratio …