Macroeconomic Effects from Government Purchases and Taxes
---- Acknowledgements -----
This research was supported by a grant from the National Science Foundation. We particularly appreciate the assistance with the marginal tax-rate data from Jon Bakija and Dan Feenberg. We also appreciate research assistance from Andrew Okuyiga and comments from Marios Angeletos, Michael Greenstone, Greg Mankiw, Casey Mulligan, Jim Poterba, Valerie Ramey, David Romer, Robert Shimer, Jose Ursua, and participants in seminars at Harvard University, the University of Chicago, and MIT. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.