Browsing ECO Working Papers by Subject "tax liabilities"

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Title: The Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks: Theory and Empirical Evidence Author(s): MERTENS, Karel; RAVN, Morten O. Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We provide empirical evidence on the effects of tax liability changes in the United States. We make a distinction between “surprise” and “anticipated” tax shocks. Surprise tax cuts give rise to a large boom in the economy. ...

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