Book/Printed Material Fiscal policy in the aftermath of 9/11

Title

• Fiscal policy in the aftermath of 9/11

Summary

• "This paper investigates the nature of U.S. fiscal policy in the aftermath of 9/11. We argue that the recent dramatic fall in the government surplus and the large fall in tax rates cannot be accounted for by either the state of the U.S. economy as of 9/11 or as the typical response of fiscal policy to a large exogenous rise in military expenditures. Our evidence suggests that, had tax rates responded in the way they ʹnormallyʹdo to large exogenous changes in government spending, aggregate output would have been lower and the surplus would not have changed by much. The unusually large fall in tax rates had an expansionary impact on output and was the primary force underlying the large decline in the surplus. Our results do not bear directly on the question of whether the decline in tax rates and the decline in the surplus after 9/11 were desirable or not"--National Bureau of Economic Research web site.

Names

• Eichenbaum, Martin S.
• Fisher, Jonas D. M. (Jonas Daniel Maurice), 1965-
• National Bureau of Economic Research

Created / Published

• Cambridge, MA : National Bureau of Economic Research, c2004.

Headings

• -  Fiscal policy--United States
• -  September 11 Terrorist Attacks, 2001

Notes

• -  Title from PDF file as viewed on 1/13/2005.
• -  Includes bibliographical references.
• -  Also available in print.
• -  Mode of access: World Wide Web.
• -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

• HB1

Digital Id

• https://hdl.loc.gov/loc.gdc/gdcebookspublic.2005615684
• http://papers.nber.org/papers/w10430 External

Library of Congress Control Number

• 2005615684

Access Advisory

• Unrestricted online access

Online Format

• image
• pdf

LCCN Permalink

• https://lccn.loc.gov/2005615684

Additional Metadata Formats

• MARCXML Record
• MODS Record
• Dublin Core Record