Preannounced tax cuts and their potential influence on the 2001 recession

R. Andrew Butters and Marcelo Veracierto

Economic Perspectives, 2009, vol. 33, issue Q III, 44-60

Abstract: The authors present a model in which anticipated future tax cuts, like those promised during the 2000 U.S. presidential campaign, generate a contraction in economic activity with some of the atypical features observed during the 2001 recession (such as its relatively strong consumption and home investment).

Keywords: Recessions (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhep:y:2009:i:qiii:p:44-60:n:v.33no.3

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