Sebastian Gechert Profile picture
Professor of Macroeconomics @TUChemnitz #Macro #Climate #FiscalPolicy #Inequality. Former @IMKflash #Econtwitter Spokesperson of @FMM_macro Opinions are 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:… 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:… 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… (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… #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