# Macro Public Reading Group Semester: Spring | Year offered: 2018 **FOR ALL PAST READING GROUPS AND MATERIALS, GO TO: ** A reading group in Macro and Public Economics for Harvard graduate students. Organized by Robert Barro, Emmanuel Farhi and Stefanie Stantcheva. --- ## Class Materials: ### Schedule and Reading List Sort Date Topic Presenters Paper 13-Feb Classic corporate tax papers Vu Chau, Robert Siliciano Auerbach, Alan J. 1979. "[Wealth Maximization and the Cost of Capital](http://www.jstor.org.ezp-prod1.hul.harvard.edu/stable/pdf/1883167.pdf?refreqid=excelsior:8a33208541eec1a28a43cefad2f3f5c4)." Quarterly Journal of Economics, 93(3): 433-46. [Chau slides](/file_url/230) Auerbach, Alan J., and Kevin A. Hassett. 2002. "[On the Marginal Source of Investment Funds](https://ac-els-cdn-com.ezp-prod1.hul.harvard.edu/S0047272701001724/1-s2.0-S0047272701001724-main.pdf?_tid=7e836626-0456-11e8-8adf-00000aacb361&acdnat=1517163205_28ff1ab8838a104aefc5fd0747c723cc)." Journal of Public Economics, 87: 205-232. Reference (not to be presented): Hassett, Kevin A. and R. Glenn Hubbard. 2002. "[Tax Policy and Business Investment](https://ac-els-cdn-com.ezp-prod1.hul.harvard.edu/S1573442002800246/1-s2.0-S1573442002800246-main.pdf?_tid=96ee7386-0456-11e8-9173-00000aab0f02&acdnat=1517163238_eb159decc09c7c796a75dcf4a20dcc76)." In Alan J. Auerbach and Martin Feldstein, editors, Handbook of Public Economics, 1293--1343. 27-Feb Tax policy in the classic corporate tax papers Nathan Hipsman, Raphael Raux Auerbach, Alan, "[On the Design and Reform of Capital-Gains Taxation](http://www.jstor.org.ezp-prod1.hul.harvard.edu/stable/pdf/2117411.pdf?refreqid=excelsior:89525f5171f726a5e402bea8b9ced05b)," American Economic Review 82 (May 1992), 263-267. [Raux Slides](/file_url/226), [Hipsman Slides](/file_url/228) Auerbach, Alan J., and Kevin A. Hassett. 1992. "[Tax Policy and Business Fixed Investment in the United States](https://ac-els-cdn-com.ezp-prod1.hul.harvard.edu/004727279290046I/1-s2.0-004727279290046I-main.pdf?_tid=96dad37e-0458-11e8-bf23-00000aacb361&acdnat=1517164097_89231a2db3fc3168a0de69542ae25ab9)." Journal of Public Economics, 47: 141-170. Hall, Robert E. and Dale W. Jorgenson. 1967. "[Tax Policy and Investment Behavior](http://www.jstor.org.ezp-prod1.hul.harvard.edu/stable/pdf/1812110.pdf?refreqid=excelsior:182eeb1e12cdb5fe0ca363de1d86e0c4)." American Economic Review, 57(3): 391-414 6-Mar Capitalists in the 21st century Sanjay Misra, Anna Stansbury Smith, Matthew, et al. 2017. "[Capitalists in the 21st Century](http://faculty.chicagobooth.edu/owen.zidar/research/papers/capitalists.pdf)." Working paper. [Misra Slides](/file_url/229), [Stansbury Slides](/file_url/227) Cooper, Michael, et al. 2016. "[Business in the United States: Who Owns It, and How Much Tax Do They Pay?](http://www.journals.uchicago.edu.ezp-prod1.hul.harvard.edu/doi/pdfplus/10.1086/685594)" *Tax Policy and the Economy* 30(1): 91-128. 20-Mar Lucas supply side economics Chris Clayton, Matteo Paradisi Lucas, Robert E. 1990. "[Supply-Side Economics: An Analytical Review](https://watermark.silverchair.com/42-2-293.pdf?token=AQECAHi208BE49Ooan9kkhW_Ercy7Dm3ZL_9Cf3qfKAc485ysgAAAcwwggHIBgkqhkiG9w0BBwagggG5MIIBtQIBADCCAa4GCSqGSIb3DQEHATAeBglghkgBZQMEAS4wEQQMU_-_mry0c-zz9g_oAgEQgIIBfwD2yBgBS4ZlU_UaOtLcjxI5ovE5FdQdxCPlA6fI2YSGKA2b_t5DC9osBv2_AOv_qLKDUpB8h7zS-Iwotc6-_ZTpCS6puY3bO9RFCg2l4VzHx5Q755XetA0vEq4qTcdQdIalsuS8cUGzL-N3paMzAZFpcDayjUChpY74B4vnwPMlYWGykwwh0pUYGC1VLJmGl4yjDo4KrOOPHKXcN2Zf27H14V8G9jsFUSV_P5v0f30QLfyjoPVHDQ3T-y92Wkdjw3sZPPOnlO2_pGEeZgJZS5BLRzO7ACDA3C9)." Oxford Economic Papers, New Series 42(2): 293-316. Barro, Robert, and Jason Furman. " [The macroeconomic effects of the 2017 tax reform](https://www.brookings.edu/wp-content/uploads/2018/03/4_barrofurman.pdf)." Brookings Papers on Economic Activity. 10-Apr Macro and time series evidence on taxes Eben Lazarus, Brian Wheaton Mertens, K., and Morten O. Ravn. 2013. "[The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States.](http://www.jstor.org.ezp-prod1.hul.harvard.edu/stable/pdf/23469617.pdf?refreqid=excelsior:89a6fba8563cd892a055485e00694f2b)" *The American Economic Review,* *103*(4), 1212-1247. [Wheaton Slides, ](/file_url/240)[Lazarus slides](/file_url/238) Mertens, K., and Jose Luis Montiel Olea. 2017. "[Marginal Tax Rates and Income: New Time Series Evidence.](http://www.joseluismontielolea.com/pepe_karel.pdf)" Working paper. 17-Apr Border tax adjustment Paul Fontanier, Armando Miano Auerbach, Alan J. 2010. “[A Modern Corporate Tax](https://www.americanprogress.org/wp-content/uploads/issues/2010/12/pdf/auerbachpaper.pdf)”, Center for American Progress and the Hamilton Project. Auerbach, Alan J. and Douglas Holtz-Eakin. 2016. “[The Role of Border Adjustment in International Taxation](https://eml.berkeley.edu/~auerbach/The%20Role%20of%20Border%20Adjustments%20in%20International%20Taxation%2012-2-16-1.pdf)." Working paper. Auerbach, Alan J. and Michael P. Devereux. 2017. "[Cash-Flow Taxes in an International Setting](https://eml.berkeley.edu/~auerbach/Auerbach%20Devereux%2012.1.15.pdf)." Working paper. Reference (optional presentation): Auerbach, Alan J. 2017. "[Demystifying the Destination-Based Cash-Flow Tax.](https://www.brookings.edu/wp-content/uploads/2017/09/5a_auerbach.pdf)" Brookings Papers on Economic Activity. 24-Apr International taxation and evasion Edoardo Acabbi, Omar Barbiero, Eben Lazarus Clausing, Kimberly A. 2003. "[Tax-motivated transfer pricing and US intrafirm trade prices](https://ac-els-cdn-com.ezp-prod1.hul.harvard.edu/S0047272702000154/1-s2.0-S0047272702000154-main.pdf?_tid=9a6b2d08-0459-11e8-b924-00000aacb35f&acdnat=1517164532_c62927ec50ff053391002cb2d0a2e20a)." Journal of Public Economics 87(9-10): 2207-2223. Slemrod, Joel, and John D. Wilson. 2009. "[Tax competition with parasitic tax havens](https://ac-els-cdn-com.ezp-prod1.hul.harvard.edu/S0047272709000929/1-s2.0-S0047272709000929-main.pdf?_tid=ae15087e-0459-11e8-81eb-00000aacb35d&acdnat=1517164565_270daece1fac94ec0ed198e917a3b45a)." Journal of Public Economics 93(9-10); 1261-1270. Zucman, Gabriel. 2013. "[The Missing Wealth of Nations: Are Europe and the U.S. net Debtors or net Creditors?](https://watermark.silverchair.com/qjt012.pdf?token=AQECAHi208BE49Ooan9kkhW_Ercy7Dm3ZL_9Cf3qfKAc485ysgAAAb0wggG5BgkqhkiG9w0BBwagggGqMIIBpgIBADCCAZ8GCSqGSIb3DQEHATAeBglghkgBZQMEAS4wEQQM_rDBHjKzeo0E5QeRAgEQgIIBcA3vwZJeZjTUUUzVHNgcxkwD5-cfqTThK31qUCzUtkSrpS1FsmMyup01damaXRMFKeqR3vleX74P1GujQPDdoqVpqAXNVQTrTCSh4VfCBWB49JKbU4j3qOhQxVRcL42sg-iONutKJoLLDPi_Rz8POy5t7HWRGjDyR6lcfeppxI28mYu4LwV_y5ovxtGKpN_FGZl_SvMzZRFi4JrfHCqzeDUje4sj94RoVwgIP10qGW773MJp3Z1r1TEWoBdFID2p_86G-Nq8nKGoVOzuDPMxh70YqqW1EENA7hlw8)" The Quarterly Journal of Economics 128(3): 1321-1364. Zucman, Gabriel. 2014. "[Taxing across Borders: Tracking Personal Wealth and Corporate Profits](https://pubs-aeaweb-org.ezp-prod1.hul.harvard.edu/doi/pdfplus/10.1257/jep.28.4.121)." Journal of Economic Perspectives 28(4): 121-148. Reference (not to be presented): Gordon, Roger and James Hines. 2002. "[International Taxation](https://ac-els-cdn-com.ezp-prod1.hul.harvard.edu/S1573442002800076/1-s2.0-S1573442002800076-main.pdf?_tid=e3b9926a-0459-11e8-922c-00000aab0f6c&acdnat=1517164655_051e9dceb6e8373c1ab3801c2af37c62)." Handbook of Public Economics, vol. 4. --- Attachments- [ picture\_as\_pdf raux\_slides.pdf ](/sites/g/files/omnuum7746/files/stantcheva/files/raux_slides.pdf) - [ picture\_as\_pdf hipsman\_slides.pdf ](/sites/g/files/omnuum7746/files/stantcheva/files/hipsman_slides.pdf) - [ picture\_as\_pdf stansbury\_slides.pdf ](/sites/g/files/omnuum7746/files/stantcheva/files/stansbury_slides.pdf) - [ picture\_as\_pdf misra\_slides.pdf ](/sites/g/files/omnuum7746/files/stantcheva/files/misra_slides.pdf) - [ picture\_as\_pdf chau\_slides.pdf ](/sites/g/files/omnuum7746/files/stantcheva/files/chau_slides.pdf) - [ picture\_as\_pdf lazarus\_slides.pdf ](/sites/g/files/omnuum7746/files/stantcheva/files/lazarus_slides.pdf) - [ picture\_as\_pdf wheaton\_slides.pdf ](/sites/g/files/omnuum7746/files/stantcheva/files/wheaton_slides.pdf) ---