Tax Policy and the Economy, Volume 33.

• Position: NBER Books

Edited by Robert A. Moffitt

https://press.uchicago.edu/ucp/books/book/distributed/T/bo41210992.html

This volume presents five new studies on taxation and government transfer programs. Scott Baker, Lorenz Kueng, Leslie McGranahan, and Brian Melzer explore whether "unconventional" fiscal policy in the form of pre-announced consumption tax changes can shift durables purchases intertemporally, and how such shifts are affected by consumer credit. Michelle Hanlon, Jeffrey Hoopes, and Joel Slemrod examine the effects of the Tax Cuts and Jobs Act on corporation behavior and on firms' statements about their behavior. They focus on four outcomes: bonuses, investment, share repurchases, and dividends. Alan Auerbach discusses "tax equivalences"--disparate sets of policies that have the same economic...