We use the US Survey of Consumer Finances to measure the change in federal tax liability that would result should mortgage interest no longer be deductible from taxable income. We argue that the elimination of this housing tax provision would lead households to reshuffle their balance sheet,...

Using episodes of growth spells, we attempt to resolve the issue of endogeneity by examining differences in fiscal policies before and after the start of the spell. In doing so, we seek to answer the question of whether governments change fiscal policies in response to growth accelerations or...