Causes of the Transformation of the US Fiscal System in the 1930s

Gonzalez-Eiras, Martin; Niepelt, Dirk (11 October 2016). Causes of the Transformation of the US Fiscal System in the 1930s. VOX CEPR's policy portal - research-based policy analysis and commentary from leading economists voxeu.org

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The US fiscal system underwent a radical transformation in the 1930s. This column proposes a micro-founded general equilibrium model that blends politics and macroeconomics to ex-plain the transformation. It rationalises tax centralisation and intergovernmental grants as the equilibrium response to the Sixteenth Amendment, which introduced federal taxation. The theory can also be used to forecast federal and regional taxes and government spending.

Item Type:	Newspaper or Magazine Article
Division/Institute:	03 Faculty of Business, Economics and Social Sciences > Department of Economics
UniBE Contributor:	Niepelt, Dirk
Subjects:	300 Social sciences, sociology & anthropology > 330 Economics
Publisher:	voxeu.org
Language:	English
Submitter:	Dino Collalti
Date Deposited:	28 Jun 2017 11:50
Last Modified:	05 Dec 2022 15:01
Uncontrolled Keywords:	Economic history; politics and economics; taxation; Great Depression; New Deal; US taxation fiscal system; intergovernmental grants; general equilibrium model; government revenue
URI:	https://boris.unibe.ch/id/eprint/93682