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

• 成果类型: Editorial Material
• 署名作者: Mertens, Karel; Ravn, Morten O.
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - Dallas; University of London; University College London
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20180707
• 发表日期: 2019
• 页码: 2679-2691
• 关键词: conditional heteroskedasticity; monetary-policy; supply shocks

摘要

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.