Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy shocks

Morten Ravn and Karel Mertens

No 480, 2009 Meeting Papers from Society for Economic Dynamics

Abstract: on labor supply that have been highlighted in the technology news literature. We also derive Hicksian decompositions of the consumption and labor supply responses and show that substitution effects are key for understanding the impact of tax shocks.

Date: 2009
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Related works:
Journal Article: Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks (2011)
Working Paper: Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks (2009)
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