Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Chicago
Economic Perspectives
Preannounced tax cuts and their potential influence on the 2001 recession
R. Andrew Butters
Marcelo Veracierto
Abstract

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).


Download Full text
Cite this item
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.
More from this series
JEL Classification:
Subject headings:
Keywords: Recessions
For corrections, contact Bernie Flores ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal