“Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects”
Quote by Christina Romer
Author
Christina Romer
Christina Romer is a renowned economist born on December 25, 1958. She has conducted extensive research in economics, particularly in the fields of macroeconomics and economic growth. Professor Romer taught at the University of California, Berkeley, and served as the chair of the National Bureau of Economic Research (NBER) during the Obama administration. more