Historically, large changes in US government spending induced fiscal efforts that were not
all alike, with some using more progressive taxes than others. We develop a heterogeneous …

This paper develops a novel dataset of weekly economic conditions indices for the 50 US
states going back to 1987 based on mixed-frequency dynamic factor models with weekly …

Goods producers increase their capital expenditure and employment in response to a cut in
marginal corporate income tax rates or an increase in investment tax credits. In contrast …

The main approach to promoting high-quality development lies in fostering self-reliance and
self-improvement in science and technology, as well as enhancing the technological …

This paper uses state‐level data to estimate the effect of government spending shocks
during expansions and recessions. By employing a mixed‐frequency framework, we are …

Until recently, the literature ignored the interactions between housing and macroeconomics.
Thanks to many researchers' contributions, the macro-housing field is in development. This …

I show that the US tax multiplier depends on the direction of the tax change. The tax
multiplier is significantly larger (in absolute value) for tax hikes than for tax cuts–regardless …

We estimate the impact of the Cap-and-Trade Program (CATP) in California on regional
greenhouse gas emissions and economic growth. Our preferred identification strategies …

I show that if it is costly for households to process information about asset returns, a model
with ex-ante identical households features persistent inequality. The steady state has a two …

Since the mid-1980s, US corporate tax cuts have become less expansionary and
increasingly associated with rising share buybacks. Using dynamic general equilibrium …