Replication data for: Phased-In Tax Cuts and Economic Activity

Principal Investigator(s):  View help for Principal Investigator(s) Christopher L. House; Matthew D. Shapiro

Version:  View help for Version V1

Name File Type Size Last Modified
20040257_data_graphs.zip application/zip 763.2 KB 12/07/2019 07:24:AM
20040257_simulations.zip application/zip 29.1 KB 12/07/2019 07:24:AM
LICENSE.txt text/plain 14.6 KB 12/07/2019 07:24:AM

Project Citation: 

House, Christopher L., and Shapiro, Matthew D. Replication data for: Phased-In Tax Cuts and Economic Activity. Nashville, TN: American Economic Association [publisher], 2006. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116251V1

Project Description

Summary:  View help for Summary This paper uses a dynamic general equilibrium model to analyze and quantify the aggregate effects of the timing of tax rate changes enacted in 2001 (which called for successive rate reductions through 2006) and 2003 (which made immediate tax rate cuts scheduled for 2004 and 2006). The phased-in nature contributed to the slow recovery from the 2001 recession, while the elimination of the phase-in helped explain the increase in economic activity in 2003. The simulations suggest while the tax policy was a drag on the economy in 2001 and 2002, it increased economic growth in 2003, once phase-ins were eliminated. (JEL D58, E32, E62, H24, H25, O41)

Scope of Project

JEL Classification:  View help for JEL Classification
      E32 Business Fluctuations; Cycles
      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)
      H30 Fiscal Policies and Behavior of Economic Agents: General


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V1 [2019-12-07]

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