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| @TECHREPORT{DeBackerEtAl:2017b, | ||
| AUTHOR = {Jason DeBacker and Richard W. Evans and Evan Magnusson and Kerk L. Phillips and Shanthi Ramnath and Isaac Swift}, | ||
| TITLE = {The Distributional Effects of Redistributional Tax Policy}, | ||
| INSTITUTION = {Open Source Macroeconomics Laboratory}, | ||
| YEAR = {2017b}, | ||
| type = {mimeo}, | ||
| month = {January}, | ||
| } | ||
|
|
||
| @Article{DEP:2019, | ||
| author={Jason DeBacker and Richard W. Evans and Kerk L. Phillips}, | ||
| title={{Integrating Microsimulation Models of Tax Policy into a DGE Macroeconomic Model}}, | ||
| journal={Public Finance Review}, | ||
| year=2019, | ||
| volume={47}, | ||
| number={2}, | ||
| pages={207-275}, | ||
| month={March}, | ||
| keywords={microsimulation; effective tax rates; marginal tax rates; dynamic general equilibrium; dynamic scori}, | ||
| doi={}, | ||
| abstract={This article proposes a method for integrating individual effective tax rates and marginal tax rates computed from a microsimulation (partial equilibrium) model of tax policy with a dynamic general equilibrium model of tax policy that can provide macroeconomic analysis or dynamic scores of tax reforms. Our approach captures the rich heterogeneity, realistic demographics, and tax-code detail of the microsimulation model and allows this detail to inform a general equilibrium model with a relatively high degree of heterogeneity. In addition, we propose a functional form in which tax rates depend jointly on the levels of both capital income and labor income.}, | ||
| url={https://ideas.repec.org/a/sae/pubfin/v47y2019i2p207-275.html} | ||
| } | ||
|
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||
| @TECHREPORT{Pomerleau2020b, | ||
| AUTHOR = {Kyle Pomerleau}, | ||
| TITLE = {An analysis of Joe Biden’s tax proposals, October 2020 update}, | ||
| INSTITUTION = {American Enterprise Institute}, | ||
| YEAR = {2020}, | ||
| type = {AEI Report}, | ||
| month = {October}, | ||
| url = {https://www.aei.org/research-products/report/an-analysis-of-joe-bidens-tax-proposals-october-2020-update/} | ||
| } | ||
|
|
||
| @TECHREPORT{DEP2020, | ||
| AUTHOR = {Jason DeBacker and Richard Evans and Kyle Pomerleau}, | ||
| TITLE = {An analysis of Joe Biden’s tax proposals}, | ||
| INSTITUTION = {American Enterprise Institute}, | ||
| YEAR = {2020}, | ||
| type = {AEI Report}, | ||
| month = {June}, | ||
| url = {https://www.aei.org/research-products/report/an-analysis-of-joe-bidens-tax-proposals/} | ||
| } | ||
|
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| @Article{DeBackerFrailey:2019, | ||
| author={Jason DeBacker and Anderson Frailey}, | ||
| title={Revenue and Macroeconomic Effects of a 70% Marginal Tax Rate}, | ||
| journal={Quantitative Notes}, | ||
| year=2019, | ||
| volume={}, | ||
| number={2019-1}, | ||
| pages={}, | ||
| month={March}, | ||
| keywords={}, | ||
| doi={}, | ||
| abstract={Recently, there has been considerable dis- cussion of a significant increase in the top marginal income tax rate. A salient top marginal tax rate is 70%. This note simulates the effects of a 70% top rate on different groups of filers and shows the im- pacts on revenue and macroeconomic aggregates. We find that an increase in the top marginal tax rate to 70% raises between $5 billion and $250 billion per year over the first 10 years, depending on the size of the top bracket to which this rate is applied. However, our macroeconomic simulations show that a 70% top rate lowers GDP by between 1.7% and 0.1% in the near term, although there may be posi- tive effects on GDP in the longer term.}, | ||
| url={https://www.openrg.com/reports/70pctMTR_QN.pdf} | ||
| } | ||
|
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| @Article{Evans:2018, | ||
| author={Richard W. Evans}, | ||
| title={Dynamic Analysis of EITC Expansion}, | ||
| journal={Quantitative Notes}, | ||
| year=2018, | ||
| volume={}, | ||
| number={2018-2}, | ||
| pages={}, | ||
| month={May}, | ||
| keywords={}, | ||
| doi={}, | ||
| abstract={This Quantitative Note uses the OG-USA open source dynamic general equilibrium overlap- ping generations model to perform a dynamic analy- sis of the Brown-Khanna Grow American Incomes Now (GAIN) Act, which proposes to increase the generosity and scope of the earned income tax credit (EITC) in the United States. I show a simulation of the macroeconomic effects as well as distributional analysis resulting from the GAIN Act. I also sim- ulate the effects of a revenue neutral GAIN Act in which an increase in the marginal income tax rates in the top two personal income brackets exactly off- sets the reduction in total federal tax revenue from the EITC expansion. In the case of the GAIN Act alone, the economy experiences short-run gains, but the increased government debt quickly crowds out in- vestment and causes the economy to start shrinking significantly. In the revenue neutral case, the cost is primarily in terms of large labor supply frictions and a reallocation of the household labor-leisure and consumption-savings decisions.}, | ||
| url={https://www.openrg.com/reports/QN_EITC_v1.1.pdf} | ||
| } | ||
|
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||
| @Article{DeBackerEvans:2018, | ||
| author={Jason DeBacker and Richard W. Evans}, | ||
| title={Dynamic Analysis of Tax Cuts and Jobs Act}, | ||
| journal={Quantitative Notes}, | ||
| year=2018, | ||
| volume={}, | ||
| number={2018-1}, | ||
| pages={}, | ||
| month={February}, | ||
| keywords={}, | ||
| doi={}, | ||
| abstract={This Quantitative Note uses the OG-USA open source dynamic general equilibrium overlap- ping generations model to simulate the effect of the Tax Cuts and Jobs Act. We simulate this reform under the assumptions of a closed economy and small open economy. In both cases, the TCJA reform causes significant growth in GDP and employment between 1% and 2% per year in the first 8 years. However, the increasing debt-to-GDP ratio quickly crowds out investment and causes a drag on the economy. Wage growth can range from nearly nonexistent to a mod- est 0.6%, depending critically on the assumption of how much capital will flow into the country.}, | ||
| url={https://www.openrg.com/reports/QN_ogusa_TCJA.pdf} | ||
| } | ||
|
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| @Article{Evans:2017, | ||
| author={Richard W. Evans}, | ||
| title={Dynamic Analysis of Corporate Income Tax Rate Cut}, | ||
| journal={Quantitative Notes}, | ||
| year=2017, | ||
| volume={}, | ||
| number={2017-4}, | ||
| pages={}, | ||
| month={November}, | ||
| keywords={}, | ||
| doi={}, | ||
| abstract={This Quantitative Note uses the OG-USA open source dynamic general equilibrium overlap- ping generations model to simulate the effect of cut- ting the U.S. corporate income tax rate from 35% to 20%. I simulate this rate cut under the assump- tions of a closed economy and small open economy, respectively. In both cases, the corporate rate cut causes government revenues to decrease and the debt-to-GDP ratio to increase. In the small open economy scenario, GDP and wages increase by around 3.0%, and 2.5%, respectively. However, in the closed economy setting in which the increased debt service must be satisfied by domestic savings (crowding out), the GDP and wage gains are much smaller and short lived.}, | ||
| url={https://www.openrg.com/reports/QN_CorpCut.pdf} | ||
| } | ||
|
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| @TECHREPORT{DEP:2015, | ||
| AUTHOR = {Jason DeBacker and Richard W. Evans and Kerk L. Phillips}, | ||
| TITLE = {Macroeconomic effects of a 10% cut in statutory marginal income tax rates on ordinary income}, | ||
| INSTITUTION = {American Enterprise Institute}, | ||
| YEAR = {2015}, | ||
| type = {AEI Economic Policy Working Paper Series}, | ||
| month = {December}, | ||
| } | ||
|
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| @Article{Ferenstein:2018, | ||
| author={Gregory Ferenstein}, | ||
| title={Can The U.S. Afford A Massive Wage Subsidy? A Macroeconomic Simulation}, | ||
| journal={Forbes}, | ||
| year=2018, | ||
| volume={}, | ||
| number={}, | ||
| pages={}, | ||
| month={September}, | ||
| keywords={}, | ||
| doi={}, | ||
| abstract={}, | ||
| url={https://www.forbes.com/sites/gregoryferenstein/2018/09/30/can-the-us-afford-a-massive-wage-subsidy-a-macroeconomic-simulation/#614ea9032502} | ||
| } | ||
|
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| @TECHREPORT{MichelFurth:2017b, | ||
| AUTHOR = {Adam Michel and Salim Furth}, | ||
| TITLE = {For Pro-Growth Tax Reform, Expensing Should Be the Focus}, | ||
| INSTITUTION = {The Heritage Foundation}, | ||
| YEAR = {2017}, | ||
| type = {Taxes Report}, | ||
| month = {August}, | ||
| url = {https://www.heritage.org/taxes/report/pro-growth-tax-reform-expensing-should-be-the-focus} | ||
| } | ||
|
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| @TECHREPORT{MichelFurth:2017a, | ||
| AUTHOR = {Norbert Michel and Salim Furth}, | ||
| TITLE = {The Macroeconomic Impact of Dodd Frank—and of Its Repeal}, | ||
| INSTITUTION = {The Heritage Foundation}, | ||
| YEAR = {2017}, | ||
| type = {Taxes Report}, | ||
| month = {April}, | ||
| url = {https://www.heritage.org/markets-and-finance/report/the-macroeconomic-impact-dodd-frank-and-its-repeal} | ||
| } | ||
|
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||
| @TECHREPORT{Hassett:2015, | ||
| AUTHOR = {Kevin A. Hassett}, | ||
| TITLE = {On the Dynamic Scoring of Fiscal Policy}, | ||
| INSTITUTION = {}, | ||
| YEAR = {2015}, | ||
| type = {Congressional Testimony}, | ||
| month = {July}, | ||
| url = {https://www.aei.org/wp-content/uploads/2015/07/Hassett_DynamicScoring_final-00000002.pdf} | ||
| } | ||
|
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| @TECHREPORT{Hassett:2016, | ||
| AUTHOR = {Kevin A. Hassett}, | ||
| TITLE = {Statement before the House Ways and Means Committee: Reaching America’s Potential: Delivering Growth and Opportunity for All Americans}, | ||
| INSTITUTION = {}, | ||
| YEAR = {2016}, | ||
| type = {Congressional Testimony}, | ||
| month = {February}, | ||
| url = {https://www.aei.org/wp-content/uploads/2016/02/KHtestimony.pdf} | ||
| } | ||
|
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||
| @TECHREPORT{DEP:2021a, | ||
| AUTHOR = {Jason DeBacker and Richard W. Evans and Benjamin R. Page}, | ||
| TITLE = {A Detailed Macroeconomic Analysis of President Biden's 2020 Campaign Tax Proposals}, | ||
| INSTITUTION = {Tax Policy Center}, | ||
| YEAR = {2021}, | ||
| type = {Working Paper}, | ||
| month = {July}, | ||
| url = {https://www.taxpolicycenter.org/publications/detailed-macroeconomic-analysis-president-bidens-2020-campaign-tax-proposals} | ||
| } | ||
|
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| @TECHREPORT{DEP:2021b, | ||
| AUTHOR = {Jason DeBacker and Richard W. Evans and Benjamin R. Page}, | ||
| TITLE = {A Sensitivity Analysis of a Detailed Macroeconomic Analysis of President Biden's 2020 Campaign Tax Proposals}, | ||
| INSTITUTION = {Tax Policy Center}, | ||
| YEAR = {2021}, | ||
| type = {Working Paper}, | ||
| month = {July}, | ||
| url = {https://www.taxpolicycenter.org/publications/sensitivity-analysis-detailed-macroeconomic-analysis-president-bidens-2020-campaign-tax} | ||
| } | ||
|
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| @TECHREPORT{DEP:2021c, | ||
| AUTHOR = {Benjamin R. Page and Jeffrey Rohaly and Thornton Matheson and Gordon B. Mermin and Jason DeBacker and Richard W. Evans}, | ||
| TITLE = {Macroeconomic Analysis of Former Vice President Biden's Tax Proposals}, | ||
| INSTITUTION = {Tax Policy Center}, | ||
| YEAR = {2021}, | ||
| type = {Brief}, | ||
| month = {July}, | ||
| url = {https://www.taxpolicycenter.org/publications/macroeconomic-analysis-former-vice-president-bidens-tax-proposals} | ||
| } | ||
|
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| @TECHREPORT{Page:2021, | ||
| AUTHOR = {Benjamin R. Page}, | ||
| TITLE = {TPC Experiments with Another Model to Estimate the Economic Effects of Tax Law Changes}, | ||
| INSTITUTION = {Tax Policy Center}, | ||
| YEAR = {2021}, | ||
| type = {TaxVox: Campaigns, Proposals, and Reforms}, | ||
| month = {July}, | ||
| url = {https://www.taxpolicycenter.org/taxvox/tpc-experiments-another-model-estimate-economic-effects-tax-law-changes} | ||
| } | ||