Autor:	Sandeep Kumar Rangaraju, Ana María Herrera
Rok vydání:	2021
Předmět:	Consumption (economics) Economics and Econometrics media_common.quotation_subject Economics Monetary economics Investment (macroeconomics) Recession Finance media_common Fiscal policy
Zdroj:	Economics Letters. 207:110031
ISSN:	0165-1765
DOI:	10.1016/j.econlet.2021.110031
Popis:	We investigate whether the effect of tax news depends on the state of the economy. Using U.S. quarterly data, we show that news about future tax cuts are more contractionary during recessions. This nonlinearity is mainly due to the response of durable consumption and, especially, nonresidential investment.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::9c2d927376e19e1c6f8d971787d3c77c https://doi.org/10.1016/j.econlet.2021.110031 Zobrazit plný text záznamu Full Text from ScienceDirect