A Spectral Analysis of Political Tax Cycle in the United States

목차 (Table of Contents)

• Abstract
• 1. Introduction
• 2. Politics and Tax Policymaking in the United States
• 2.1. The Federal Tax Policymaking Process
• 2.2. Elections and Tax Policy
• 3. Theory and Prior Research on the Determinants of Tax Policy
• 3.1. The Barro's Theory of Optimal Tax Smoothing
• 3.2. Political Business Cycle Theory
• 4. Data and Methodology
• 4.1. Data
• 4.2. Unit Root Test
• 4.3. Spectral Analysis
• 5. Analyses and Results
• 5.1. Dickey-Fuller Test Result
• 5.2. Spectral Analysis Results
• 5.3. Regression Estimation of Phase
• 6. Conclusion
• Notes
• References