Title:

The Role of Automatic Stabilizers in the U.S. Business Cycle

Authors:

Alisdair McKay (U Boston)
Ricardo Reis (Columbia U, LSE)

Journal:

Econometrica

Year:

2016

Volume:

84

Number:

1

Pages:

141-194

JEL codes:

E32 - Business Fluctuations; Cycles
H24 - Personal Income and Other Nonbusiness Taxes and Subsidies
H25 - Business Taxes and Subsidies
H3 - Fiscal Policies and Behavior of Economic Agents