The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply to Jentsch and Lunsford

Karel Mertens and Morten Ravn

No 1805, Working Papers from Federal Reserve Bank of Dallas

Abstract: In this reply to a comment by Jentsch and Lunsford, we show that, when focusing on the relevant impulse responses, 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: Fiscal Policy; structural vector autoregressions; tax shocks (search for similar items in EconPapers)
JEL-codes: C32 E62 H24 H25 H31 H32 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2018-05-01
New Economics Papers: this item is included in nep-mac and nep-pbe
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:feddwp:1805

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DOI: 10.24149/wp1805r1

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