Regional effects of federal tax shocks

Arbeitspapier

This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie between -0.2 in Utah and -3.3 in Hawaii. Statistically, the difference between state and national output effect is significant in about half the U.S. states. Analyzing the determinants of differences in the magnitude of regional tax multipliers suggests that industry composition of output and sociodemographic characteristics help explain the observed asymmetry across U.S. states in the transmission of federal tax policy.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: MAGKS Joint Discussion Paper Series in Economics ; No. 17-2012

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Business Fluctuations; Cycles ; Fiscal Policy ; Taxation, Subsidies, and Revenue: General ; General Regional Economics (includes Regional Data) ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
• Thema: Fiscal Policy ; Tax Policy ; Narrative Approach ; U.S. States ; Regional Effects ; Asymmetries in Fiscal Policy Transmission ; Steuerpolitik ; Schock ; Regionale Inzidenz ; Teilstaat ; USA

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Hayo, Bernd ; Uhl, Matthias
• Ereignis: Veröffentlichung
• (wer): Philipps-University Marburg, Faculty of Business Administration and Economics
• (wo): Marburg
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/73054
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ