1. Burman and Slemrod: Chapter 6
Taxes and the Economy
Burman and Slemrod: Chapter 6

2. Pigouvian Taxes and Subsidies
Economic Externalities
Positive
Negative

3. Laffer Curve

4. Fiscal Policy and Monetary Policy
US Treasury
Federal Reserve

5. Taxes and Stimulus Keynesian Stimulus (Prime the Pump)
Multiplier and the marginal propensity to consume
Fiscal Lag
Great Depression
Great Recession

6. Recession Expansion Built in Stabilizers
Taxes decrease because income decreases
Expenditures increase with unemployment compensation and food stamps
Deficits increase which stimulate the economy
Recession
Taxes increase because income increases
Expenditures decrease with less unemployment compensation and food stamps
Deficits decrease which slows the economy
Expansion

7. Growth and Prosperity
How do economic policies affect economic growth? 01
Counterfactual 02
Difference in differences 03
Local and State Economic Development 04

8. Research and Innovation
Effects of Taxes
Working
Saving
Entrepreneurship
Research and Innovation

9. Trickle-Down Economics

10. Federal Debt

11. Federal Deficit

12. Treasuries Held by Federal Reserve

13. US Treasury General Information Internal Revenue Service
Treasury Rates
Yield Curve
Treasury Direct
Auction Schedule