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Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy shocks

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  • Morten O. Ravn

    (University College London, University of Southampton and CEPR)

  • Karel Mertens

    (Cornell University)

Abstract

on labor supply that have been highlighted in the technology news literature. We also derive Hicksian decompositions of the consumption and labor supply responses and show that substitution effects are key for understanding the impact of tax shocks.

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Bibliographic Info

Paper provided by Society for Economic Dynamics in its series 2009 Meeting Papers with number 480.

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Date of creation: 2009
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Handle: RePEc:red:sed009:480

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