Revisiting Legislative Lags of U.S. Tax Reforms

4 Pages Posted: 27 Nov 2017 Last revised: 25 May 2019

See all articles by Philipp Adämmer

Philipp Adämmer

Helmut Schmidt University Hamburg - Department of Mathematics and Statistics

Tom Dybowski

University of Muenster

Date Written: May 16, 2019

Abstract

We apply an unsupervised machine learning algorithm to revisit legislative lags of U.S. tax reforms and show that at least two lags have been longer than previously identified. Our approach offers an alternative way to approximate U.S. tax foresight, given that the relationship between tax exempt municipal bonds and taxable U.S. Treasury securities has broken down in 2007.

Keywords: Legislative lag, tax foresight, correlated topic model, U.S. President

JEL Classification: C80, D80, H20

Suggested Citation

Adämmer, Philipp and Dybowski, Tom, Revisiting Legislative Lags of U.S. Tax Reforms (May 16, 2019). Available at SSRN: https://ssrn.com/abstract=3075049 or http://dx.doi.org/10.2139/ssrn.3075049

Philipp Adämmer (Contact Author)

Helmut Schmidt University Hamburg - Department of Mathematics and Statistics ( email )

Hostenhofweg 85
Hamburg, 22043
Germany

Tom Dybowski

University of Muenster ( email )

Universitätsstr. 14-16
Muenster, D-48143
Germany

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