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The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply

Karel Mertens,Morten O. Ravn

AMERICAN ECONOMIC REVIEW（2019）

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Abstract
In this reply to a comment by Jentsch and Lunsford, we show that the evidence for economic and statistically significant macroeconomic effects of tax changes in Mertens and Ravn (2013) remains present for a range of asymptotically valid inference methods.
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