Federal Reserve Bank of Chicago
Preannounced tax cuts and their potential influence on the 2001 recession
The authors present a model in which anticipated future tax cuts, like those promised during the 2000 U.S. presidential campaign, generate a contraction in economic activity with some of the atypical features observed during the 2001 recession (such as its relatively strong consumption and home investment).
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R. Andrew Butters & Marcelo Veracierto, "Preannounced tax cuts and their potential influence on the 2001 recession"
, Federal Reserve Bank of Chicago, Economic Perspectives, issue Q III, pages 44-60, 2009.
This item with handle RePEc:fip:fedhep:y:2009:i:qiii:p:44-60:n:v.33no.3
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