Tax news in good and bad times

Sandeep Kumar Rangaraju; Ana María Herrera

doi:10.1016/j.econlet.2021.110031

Tax news in good and bad times

Sandeep Kumar Rangaraju
, Ana María Herrera

Economics

Producción científica: Article › revisión exhaustiva

6 Citas (Scopus)

Resumen

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.

Idioma original	English
Número de artículo	110031
Publicación	Economics Letters
Volumen	207
DOI	https://doi.org/10.1016/j.econlet.2021.110031
Estado	Published - oct 2021

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Publisher Copyright:
© 2021 Elsevier B.V.

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2021.110031

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title = "Tax news in good and bad times",

abstract = "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.",

keywords = "Anticipated tax shocks, Fiscal policy, Policy foresight",

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AU - Herrera, Ana María

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AB - 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.

KW - Anticipated tax shocks

KW - Fiscal policy

KW - Policy foresight

UR - https://www.scopus.com/pages/publications/85113600154

UR - https://www.scopus.com/pages/publications/85113600154#tab=citedBy

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JO - Economics Letters

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Tax news in good and bad times

Resumen

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ASJC Scopus subject areas

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