How Is Tax Policy Conducted Over the Business Cycle?
研究了62个国家1960-2013年企业所得税、个人所得税和增值税税率的数据，发现发达国家税收政策呈非周期性，而发展中国家多为顺周期性。
It is well known by now that government spending has typically been procyclical in developing economies but acyclical or countercyclical in industrial countries. Little, if any, is known, however, about the cyclical behavior of tax rates (as opposed to tax revenues, which are endogenous to the business cycle and, hence, cannot shed light on the cyclicality of tax policy). We build a novel dataset on tax rates for 62 countries for the period 1960–2013 that comprises corporate income, personal income, and value-added tax rates. We find that tax policy is acyclical in industrial countries but mostly procyclical in developing countries.