Dynamic scoring
Subtitle: a back-of-the-envelope guide
By: N. Gregory Mankiw, Matthew Weinzierl.
Contributors: Weinzierl, Matthew.; National Bureau of Economic Research.
Series: NBER working paper series -- no. 11000.; Working paper series (National Bureau of Economic Research) -- working paper no. 11000.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 25
Subjects: Taxation -- Econometric models
Description: "This paper uses the neoclassical growth model to examine the extent to which a tax cut pays for itself through higher economic growth. The model yields simple expressions for the steady-state feedback effect of a tax cut. The feedback is surprisingly large: for standard parameter values, half of a capital tax cut is self-financing. The paper considers various generalizations of the basic model, including elastic labor supply departures from infinite horizons, and non-neoclassical production settings. It also examines how the steady-state results are modified when one considers the transition path to the steady state"--National Bureau of Economic Research web site.
Notes: "December 2004."

Includes bibliographical references (p. 23-25).

Also available in PDF from the NBER world wide web site (www.nber.org).