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  4. July 2019
  5. The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply

American Economic Review

ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)

The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply

  • Karel Mertens
  • Morten O. Ravn
American Economic Review
vol. 109, no. 7, July 2019
(pp. 2679–91)
See also: Original paper by Mertens and Ravn (2014)
See also: Comment by Jentsch and Lunsford (2019)

 

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Abstract

In this reply to a comment by Jentsch and Lunsford, we show that the evidence for economic and statistically significant macroeconomic effects of tax changes in Mertens and Ravn (2013) remains present for a range of asymptotically valid inference methods.

Citation

Mertens, Karel, and Morten O. Ravn. 2019. "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply." American Economic Review, 109 (7): 2679–91. DOI: 10.1257/aer.20180707

Additional Materials

JEL Classification

  • E23 Macroeconomics: Production
  • E62 Fiscal Policy
  • H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
  • H25 Business Taxes and Subsidies including sales and value-added (VAT)
  • H31 Fiscal Policies and Behavior of Economic Agents: Household
  • H32 Fiscal Policies and Behavior of Economic Agents: Firm