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Sebastian Gechert Profile picture
Sebastian Gechert
@SGechert
Prof of Macroeconomics @TUChemnitz. AE at Journal of Economic Surveys. Fellow @FMM_macro #Macro #Climate #FiscalPolicy #Inequality. #Econtwitter Opinions=my own
May 31, 2021 • 13 tweets • 11 min read
Kurzer Bericht auf Deutsch über unser (@heimbergecon + ich) neues @imkflash working paper: Stärken Unternehmenssteuer-Senkungen das Wachstum? Kurze Antwort: eher nicht! Wie kommen wir drauf? Thread: boeckler.de/de/faust-detai… Zunächst einmal: das ist ein klassisches parteipolitisches Streitthema. Die @fdp fordert gerade massive Unternehmenssteuersenkungen. Die Parteien im Linken Spektrum wollen eher öffentliche Investitionen erhöhen.
May 31, 2021 • 18 tweets • 11 min read
Paper alert: @heimbergecon +I investigate: Do corporate tax cuts boost economic growth? There is a growing empirical literature. As often, studies come to ambiguous conclusions: corporate tax cuts increase,reduce, or do not signif. affect growth. Thread: boeckler.de/de/faust-detai… This is a classic partisan fiscal policy debate. One camp claims that tax cuts improve profit margins which will spur investment and thus growth+jobs. The other doubts that higher profits will lead to more investment and claims that the tax revenues could be used more effectively
May 25, 2021 • 18 tweets • 9 min read
Hurray! Together with great coauthors @DomiEhrenberger, Tomas + Zuzana we finally got it published: Our #metaanalysis on the elasticity of substitution b/w capital and labor, a.k.a. the “Death to the Cobb-Douglas production function” made it to the @RevEconDyn. Thread: First of all, here’s a 50days free access share link authors.elsevier.com/a/1d7Oo3uolWav… (which seems to work with Chrome though not with Firefox). Please feel free to share it in your networks.
May 7, 2020 • 21 tweets • 16 min read
Some personal good news in hard times: Joined with wonderful coauthors @Chris_ptz @pvillenueve we just published our paper „The macroeconomic effects of social security contributions and benefits” in the Journal of Monetary Economics doi.org/10.1016/j.jmon… #econtwitter Thread: Image The gist of the paper is to estimate #macroeconomic #multiplier effects of spending on #socialsecurity vs. cutting contributions. The literature shows it is hard to estimate such effects, because spending and revenues are highly endogenous to the business cycle./2