Regional effects of federal tax shocks.

This article studies the effects of federal tax changes on U.S.-state-level income. Utilizing an exogenous tax shock series recently proposed in the literature, we find considerable variation in how federal tax changes affect regional income: estimated state income multipliers range between -0.2 in...

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Publicado en:Southern Economic Journal Vol. 82; no. 2; pp. 343 - 361
Autores principales: Hayo, Bernd, Uhl, Matthias
Formato: Artículo
Publicado: Wiley-Blackwell Oct2015
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Regional effects of federal tax shocks.
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          Hayo, Bernd
          Uhl, Matthias
        affil: School of Business and Economics, University of Marburg, UniversitaetsstraBe 24, D-35032 Marburg, Germany; E-mail hayo@wiwi.uni-marburg.de; corresponding author.
      su:
        United States
        Taxation
        Fiscal policy
        Economic policy
        Public finance
        Public spending
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        subj:
          Taxation
          Fiscal policy
          Economic policy
          Public finance
          Public spending
          United States
          Public Finance Activities
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      ab: This article studies the effects of federal tax changes on U.S.-state-level income. Utilizing an exogenous tax shock series recently proposed in the literature, we find considerable variation in how federal tax changes affect regional income: estimated state income multipliers range between -0.2 in Utah and -3.7 in Hawaii. Analyzing the determinants of differences in regional tax multipliers suggests that size and composition of the state tax base help explain the observed heterogeneity in the transmission of federal tax policy.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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