Tag Archives: Christy Romer

The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States

From Karel Mertens and Morten Ravn: This paper presents evidence on the aggregate effects of changes in federal tax policy in the United States in the post-WWII sample. Exogenous changes in taxes are identified in a vector autoregressive model by proxying latent … Continue reading

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Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Changes

From Christy Romer and David Romer: From the early 1950s to the early 1990s, increases in Social Security benefits in the United States varied widely in size and timing, and were generally not undertaken in response to short-run macroeconomic developments. … Continue reading

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It Takes a Regime Shift: Recent Developments in Japan through the Lens of the Great Depression

A recent paper from Christy Romer (via Greg Mankiw).

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Austerity and the Greek Depression

The NY Times has a nice feature that compares the Greek economy from 2007-2012 to that of the US from 1929-1934. Besides the disturbing similarity, the most notable feature of this figure is how different the government spending response has been. … Continue reading

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Christy Romer on the Effectiveness of the Recovery Act

The most successful of these studies focus on the variation in Recovery Act spending across states. Some of this variation resulted from differences in the recession’s severity. For example, there was much more spending on unemployment insurance in Michigan than … Continue reading

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Christy Romer’s thoughts on the Economic Issues in the 2012 Election

Worth a read.

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