| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10430 |
| 来源ID | Working Paper 10430 |
| Fiscal Policy in the Aftermath of 9\/11 | |
| Martin Eichenbaum; Jonas Fisher | |
| 发表日期 | 2004-04-12 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This paper investigates the nature of U.S. fiscal policy in the aftermath of 9/11. We argue that the recent dramatic fall in the government surplus and the large fall in tax rates cannot be accounted for by either the state of the U.S. economy as of 9/11 or as the typical response of fiscal policy to a large exogenous rise in military expenditures. Our evidence suggests that, had tax rates responded in the way they `normally' do to large exogenous changes in government spending, aggregate output would have been lower and the surplus would not have changed by much. The unusually large fall in tax rates had an expansionary impact on output and was the primary force underlying the large decline in the surplus. Our results do not bear directly on the question of whether the decline in tax rates and the decline in the surplus after 9/11 were desirable or not. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Fiscal Policy |
| URL | https://www.nber.org/papers/w10430 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568059 |
| 推荐引用方式 GB/T 7714 | Martin Eichenbaum,Jonas Fisher. Fiscal Policy in the Aftermath of 9\/11. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10430.pdf（386KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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