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Fiscal Multipliers in Recession and Expansion
In this paper, we estimate government purchase multipliers for a large number of OECD countries, allowing these multipliers to vary smoothly according to the state of the economy and using real-time
Output Spillovers from Fiscal Policy
In this paper, we estimate the cross-country spillover effects of government purchases on output for a large number of OECD countries. Following the methodology in Auerbach and Gorodnichenko (2012a,
  • A. Auerbach
  • Economics
    National Tax Journal
  • 1 December 1993
Illustrates challenges faced by economists involved in the tax policy process, with a focus on two central issues (revenue measurement and the distributional effect of proposed tax changes).
Real Determinants of Corporate Leverage
The U.S. corporate tax distorts the behavior of both real and financial decisions. With respect to the former, the variation in depreciation allowances and investment tax credit provisions across
The Economic Dynamics of an Ageing Population: The Case of Four OECD Countries
Demographic changes, such as those anticipated in most OECD countries, have many economic effects that impinge on a country's fiscal viability. Evaluation of the effects of associated changes in
Generational Accounting: A Meaningful Way to Evaluate Fiscal Policy
This paper illustrates the technique of generational accounting, a new way to evaluate fiscal policy that overcomes the inherent ambiguities of traditional deficit accounting. The authors illustrate
The Dynamic Effects of Tax Law Asymmetries
Under current U.S. tax law, a distinction is made between gains and losses by businesses. Losses that must be "carried forward" are subject to two penalties: a loss of interest, and expiration after
Is There a Role for Discretionary Fiscal Policy?
This paper reviews the state of discretionary fiscal policy. Among its findings are: (1) In recent years, U.S. discretionary fiscal policy appears to have become more active in response to both
Share Valuation and Corporate Equity Policy
In recent years many contributions have appeared which examine the effects of corporate and personal taxation on firm financial policy. However, there has yet to appear an adequate explanation of why