…economy.  In February, economists Tamar den Besten and Diego R. Känzig published a new “NBER” working paper” on the macro effects of tariffs. They use a narrative approach to identify “exogenous” tariff shocks that were motivated by ideological or political reasons (as opposed…

…have any incentive effects on borrowing and lending — hence real-economy purchases/velocity. Lenders and real-economy borrowers do their thing because they see valuable risk/return opportunities in the real economy. Changing…

…you please explain your paper titled “The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks”? Here’s my understanding of what the paper says. Basically,…

…you can do to mitigate these effects. For example, you can exempt certain items that poor people spend a larger fraction of their income on (food is a popular example)….

…convened by Congress’ Joint Committee on Taxation, which showed that the “reflow” effects would be generally in the neighborhood of 5-10%, with only one model showing possible effects of over…

…Keynesian stimulants to the economy … In proposing the tax cuts in late May of 1962, Kennedy cited the incentive effects, not the income effects that a Keynesian would argue….

…using the most concrete dollar figures available. First, we need to precisely estimate the budgetary effects of the tax cuts. To do so, we can turn to the CBO. They…

Hilary W. Hoynes, Diane Whitmore Schanzenbach, Douglas Almond made a genuinely important contribution to the debate on the effects of social welfare programs in this NBER working paper/revised manuscript “Long…

…effects. Furthermore, in the labor-leisure choice model, unemployment is treated as a voluntary preference for more leisure. Efficiency wage theory clearly is incompatible with a labor-leisure choice model of labor…

…that can trap cancer cells; we usually recommend its removal if the cancer nearby is aggressive.” “Side effects?” I asked. “Not much to speak of. In rare cases, you get…