Dynamic Scoring: A Back-of-The-Envelope Guide
Dynamic Scoring: A Back-of-The-Envelope Guide
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动态评分：粗略指南
DOI：
10.2139/ssrn.650261
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发表时间：
2005
期刊：
影响因子：
--
通讯作者：
M. Weinzierl
中科院分区：
文献类型：
--
作者：
N. Mankiw;M. Weinzierl
本文使用新古典增长模型来检验减税在多大程度上通过更高的经济增长来为自己买单。该模型给出了减税的稳态反馈效应的简单表达式。反馈的规模惊人地大：对于标准参数值，一半的资本减税是自筹资金的。本文考虑了基本模型的各种推广，包括弹性劳动力供给偏离无限视野，以及非新古典生产环境。它还研究了当人们考虑到稳态的过渡路径时，稳态结果是如何被修改的。
This paper uses the neoclassical growth model to examine the extent to which a tax cut pays for itself through higher economic growth. The model yields simple expressions for the steady-state feedback effect of a tax cut. The feedback is surprisingly large: for standard parameter values, half of a capital tax cut is self-financing. The paper considers various generalizations of the basic model, including elastic labor supply departures from infinite horizons, and non-neoclassical production settings. It also examines how the steady-state results are modified when one considers the transition path to the steady state.