The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply
American Economic Review · 2019 · Volume 109 · Issue 7
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.
Keywords
Macroeconomics: Production, Fiscal Policy, Personal Income and Other Nonbusiness Taxes and Subsidies, includes inheritance and gift taxes, Business Taxes and Subsidies including sales and value-added (VAT), Fiscal Policies and Behavior of Economic Agents: Household, Fiscal Policies and Behavior of Economic Agents: Firm
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