[경제학의 철학] Hoover (2001), Ch 9 “Case Study I: The Causal Direction between Taxes and Government Spending in the Postwar Period” 요약 정리 (미완성)

      

[ Kevin D. Hoover (2001), Causality in macroeconomics (Cambridge University Press), pp. 227-249. ]

  Kevin D. Hoover and Steven M. Sheffrin (1992), “Causation, Spending, and Taxes: Sand in the Sandbox or Tax Collector for the Welfare State?”, The American Economic Review, 82(1): 225-248. ]

 

 

  9.1 Models and Causal Orderings

    9.1.1 A Model of Expenditure Smoothing

    9.1.2 A Double-Sided Cost-Benefit Model

    9.1.3 A Constant-Share Model

  9.2 A Chronology of the Tax and Spending Processes

  9.3 Evidence

    9.3.1 The Data

    9.3.2 Characterization of Distributions

    9.3.3 Observational Equivalence in Practice

    9.3.4 Out-of-Sample Projections

  9.4 Interpretation

  9.5 Conclusion

  Appendix. Data: Sources and Definitions

 

 

  9.1 Models and Causal Orderings

    9.1.1 A Model of Expenditure Smoothing

    9.1.2 A Double-Sided Cost-Benefit Model

    9.1.3 A Constant-Share Model

  9.2 A Chronology of the Tax and Spending Processes

  9.3 Evidence

    9.3.1 The Data

    9.3.2 Characterization of Distributions

    9.3.3 Observational Equivalence in Practice

    9.3.4 Out-of-Sample Projections

  9.4 Interpretation

  9.5 Conclusion

  Appendix. Data: Sources and Definitions

(2021.12.12.)