The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply to Jentsch and Lunsford
18 Pages Posted: 15 Jun 2018 Last revised: 29 Apr 2020
Date Written: 2018-05-01
In this reply to a comment by Jentsch and Lunsford, we show that, when focusing on the relevant impulse responses, the evidence for economic and statistically significant macroeconomic effects of tax changes in Mertens and Ravn (2013) remains present for a range of asymptotically valid inference methods.
Keywords: Fiscal Policy, structural vector autoregressions, tax shocks
JEL Classification: C32, E62, H24, H25, H31, H32
Suggested Citation: Suggested Citation