diff --git a/docs/book/citations.bib b/docs/book/citations.bib index 4030e56..e69de29 100644 --- a/docs/book/citations.bib +++ b/docs/book/citations.bib @@ -1,207 +0,0 @@ -@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} -} - -@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/} -} - -@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} -} - -@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} -} - -@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} -} - -@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} -} - -@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}, -} - -@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} -} - -@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} -} - -@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} -} - -@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} -} - -@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} -} - -@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} -} - -@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} -} - -@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} -} - -@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} -}