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| Title |
Dynamic scoring and deficit financing
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| Author |
Dillman, John Gabriel
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| Department |
Department of Economics and Business
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| Institution |
Colorado College
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| Degree Type |
bachelor
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| Degree Name |
Bachelor of Arts
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| Type of Resource |
text
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| Digital Origin |
reformatted digital
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| Date Accepted |
2007
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| Date Digitized |
2009
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| 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.
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| Keywords |
Dynamic scoring
Public capital
Deficit financing
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| Rights Statement |
Copyright restrictions apply. Contact the author for permission to publish.
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| Extent |
61 p. : ill. ; 29 cm.
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| Note (thesis) |
Senior Thesis - Colorado College
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| Note (bibliography) |
Bibliography : p. 60-61
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| Publisher |
Colorado College
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| Place of Publication |
Colorado Springs, Colorado
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| Language |
eng
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| OCLC Identifier |
162107516
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| Handle |
http://hdl.handle.net/10176/coccc:2956
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| Attached Files |
| Name |
Description |
MIMEType |
Size |
Downloads |
Dillman_Thesis_A1b.pdf
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master |
application/pdf |
Bytes |
0 |
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