We contribute to the literature on tax multipliers by analyzing the pitfalls in identification and measurement of tax … to the measurement of tax policy (i.e., finding a tax policy variable under the direct control of the policymaker). For … SVAR. On the (much less explored) measurement front, our results strongly support the use of tax rates as a true measure of …

fiscal shocks as opposed to the identification via SVAR. On the (much less explored) measurement front, our results strongly …We contribute to the literature on tax multipliers by analyzing the pitfalls in identification and measurement of tax … to the measurement of tax policy (i.e., finding a tax policy variable under the direct control of the policymaker). For …

This paper proposes a new panel unit-root test based on the Lagrangian multiplier (LM) principle. We show that the …