演講者簡介 : 楊淑珺教授為Ph.D. in Economics，Indiana University (2003)。
現為Economist at Joint Committee on Taxation, U.S. Congress。
其主要研究領域為Monetary Economics及Econometrics。
演講摘要 : Neoclassical growth models predict positive growth effects over the entire transition path following a reduction in capital or labor tax rates when lumpsum taxes (or transfers) are used to balance the government budget. This paper considers the consequences of bond-financed tax reductions that bring forth adjustments in expected future government consumption, capital tax rates, or labor tax rates. Through the resulting intertemporal distortions, current tax cuts can lower growth. Consequently, static scoring of tax revenue impacts, which assumes no feedback from taxes to national income, does not necessarily overstate the revenue loss when compared with dynamic scoring.
