Preannounced tax cuts and their potential influence on the 2001 recession

The authors present a model in which anticipated future tax cuts, like those promised during the 2000 U.S. presidential campaign, generate a contraction in economic activity with some of the atypical features observed during the 2001 recession (such as its relatively strong consumption and home investment).

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Year of publication:	2009
Authors:	Butters, R. Andrew ; Veracierto, Marcelo
Published in:	Economic Perspectives. - Federal Reserve Bank of Chicago. - 2009, Q III, v. 33, no. 3, p. 44-60
Publisher:	Federal Reserve Bank of Chicago
Subject:	Recessions

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005009943