G2TT
来源类型Brief
规范类型简报
Dynamic Scoring of Tax Plans
Benjamin R. Page; Kent Smetters
发表日期2016-09-16
出版年2016
语种英语
概述This paper gives an overview of the methodology behind the short- and long-run dynamic scoring of Hillary Clinton’s and Donald Trump’s tax plan proposals. Following the practice of official government estimators, we use a Keynesian model to estimate the short-term effects of policy changes on output relative to its full-employment level. That model assumes tax policy can influence the economy by changing the
摘要
This paper gives an overview of the methodology behind the short- and long-run dynamic scoring of Hillary Clinton’s and Donald Trump’s tax plan proposals. Following the practice of official government estimators, we use a Keynesian model to estimate the short-term effects of policy changes on output relative to its full-employment level. That model assumes tax policy can influence the economy by changing the demand for goods and services. For example, a tax cut could encourage consumers to spend more and businesses to invest more, raising demand and thus total employment. In the long-run, demand-side stimulus is ineffective because we assume the economy returns to full employment. We estimate the long-run effects on potential output using the Penn Wharton Budget Model, which reflects how taxes can affect incentives to work, save, and invest. The model also reflects the effects of budgetary policies on interest rates and the resultant effects on investment decisions.
主题Taxes and Budget
URLhttps://www.urban.org/research/publication/dynamic-scoring-tax-plans
来源智库Urban Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/479412
推荐引用方式
GB/T 7714
Benjamin R. Page,Kent Smetters. Dynamic Scoring of Tax Plans. 2016.
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