| 000 | 01597nab a2200265 c 4500 | ||
|---|---|---|---|
| 999 |
_c141034 _d141034 |
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| 003 | ES-MaIEF | ||
| 005 | 20230614143731.0 | ||
| 007 | ta | ||
| 008 | 190820s2019 us ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
||
| 041 | _aeng | ||
| 100 | 1 |
_967440 _aJentsch, Carsten |
|
| 245 | 4 |
_aThe dynamic effects of personal and corporate income tax changes in the United States _bcomment _c by Carsten Jentsch and Kurt G. Lunsford |
|
| 260 | _c2019 | ||
| 500 | _aResumen. | ||
| 504 | _aBibliografía. | ||
| 520 | _aMertens and Ravn (2013) estimate impulse response functions (IRFs) from income tax changes in a structural vector autoregression (SVAR) by using narrative accounts of tax liability changes as proxy variables. To produce confidence intervals for their IRFs, they use a residual-based wild bootstrap, which has subsequently become popular in the proxy SVAR literature. We argue that their wild bootstrap is not valid, producing confidence intervals that are much too small. Using a residual-based moving block bootstrap that is proven to be asymptotically valid, we reestimate confidence intervals for Mertens and Ravn’s (2013) IRFs and find no statistically significant effects of tax changes on output, labor, and investment | ||
| 650 |
_aIMPUESTOS _947460 |
||
| 650 |
_aREFORMA _910750 |
||
| 650 |
_aESTADOS UNIDOS _942888 |
||
| 650 | 4 |
_947776 _aMODELOS ECONOMETRICOS |
|
| 700 | 1 |
_967441 _aLunsford, Kurt G. |
|
| 773 | 0 |
_9160819 _oOP 234/2019/7 _tThe American Economic Review _w(IEF)103372 _x 0002-8282 _g v. 109, n. 7, July 2019, p. 2655-2678 |
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| 942 | _cART | ||