@techreport{NBERw11000,
 title = "Dynamic Scoring: A Back-of-the-Envelope Guide",
 author = "N. Gregory Mankiw and Matthew Weinzierl",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "11000",
 year = "2004",
 month = "December",
 URL = "http://www.nber.org/papers/w11000",
 abstract = {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.},
}