Tuesday, December 1, 2009

Exogenous tax changes?


From Romer and Romer (2007).

Long-run growth driven tax changes are mostly in the form of tax cuts, and deficit-driven tax changes are mostly revenue increases.
Negative growth rate shocks and the role of fiscal policy.
Markov switching growth rates?
In between trend and diff stationary output.

2 comments:

  1. I've made up my mind to scribble things online so that I don't forget whatever pops up. Keep in touch....

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