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Title Dynamic scoring and deficit financing
Author Dillman, John Gabriel
Department Department of Economics and Business
Institution Colorado College
Degree Type bachelor
Degree Name Bachelor of Arts
Type of Resource text
Digital Origin reformatted digital
Date Accepted 2007
Date Digitized 2009
Abstract The recent works of several economists suggest that the use of dynamic scoring in revenue estimating procedures could improve forecasts. Proponents of dynamic scoring hold that the current methodologies tend to overestimate both revenue losses generated by tax cuts and revenue gains generated by tax increases. This paper builds off the works of Mankiw-Weinzierl (2004) and Stinespring (2007), creating a model that simulates a government with three expenditure options: transfer payments, public capital building, and deficit financing. The extent to which both capital and labor tax cuts finance themselves depends on the relative proportions of the above three expenditures. Nevertheless, given parameter values that approximate the U.S. economy, both capital and labor tax cuts are found to have slightly larger growth effects than those obtained by Stinespring.
Keywords Dynamic scoring
Public capital
Deficit financing
Rights Statement Copyright restrictions apply. Contact the author for permission to publish.
Extent 61 p. : ill. ; 29 cm.
Note (thesis) Senior Thesis - Colorado College
Note (bibliography) Bibliography : p. 60-61
Publisher Colorado College
Place of Publication Colorado Springs, Colorado
Language eng
OCLC Identifier 162107516
Handle http://hdl.handle.net/10176/coccc:2956
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Created: Wed, 05 May 2010, 14:59:40 MST by Cindy Tappan . Detailed History