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Domestic fiscal multipliers
| Impact | 1-year | 2-year | |
|---|---|---|---|
| Personal income tax rate (PITR) | 0.2 | 1.4 | 2.5 |
| Corporate income tax rate (CITR) | n.s. | 3.9 | n.s. |
Table reports fiscal multipliers for the USA in case of negative PITR and CITR shocks. GDP elasticities are scaled by average GDP ratios over the 1979–2006 sample. All reported multipliers are significant; n.s. stands for not significant
