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

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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


03 Faculty of Business, Economics and Social Sciences > Department of Economics

UniBE Contributor:

Niepelt, Dirk


300 Social sciences, sociology & anthropology > 330 Economics





Dino Collalti

Date Deposited:

28 Jun 2017 11:50

Last Modified:

12 Nov 2019 15:38

Uncontrolled Keywords:

Economic history; politics and economics; taxation; Great Depression; New Deal; US taxation fiscal system; intergovernmental grants; general equilibrium model; government revenue


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