Data and Code for: Do Tax Increases Tame Inflation?
收藏ICPSR2023-01-01 更新2026-04-16 收录
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资源简介：
Replication materials for AEA Papers and Proceedings article: "Do Tax Increases Tame Inflation?"<br><br>Abstract: Do Tax Increases Tame Inflation? “Yes” for personal income taxes but “No” for corporate income taxes. Using narrative-identified US federal tax changes post-WWII and disaggregated sectoral data on consumer and producer prices, we show that higher average personal income tax rates lower prices across a broad range of sectors, but higher average corporate tax rates do not. There is also significant sectoral heterogeneity in the size of the effects. Finally, only personal tax increases lower inflation expectations, while corporate tax increases lead to persistent declines in stock prices. Our results are consistent with personal taxes affecting aggregate demand and corporate taxes persistently affecting supply conditions.<br>
提供机构：
London Business School and CEPR; Queen Mary, University of London; University of California Davis, NBER and CEPR
创建时间：
2023-01-01
