The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply
回复Jentsch和Lunsford的评论，证明Mertens和Ravn（2013）中税收变化对宏观经济有显著影响的结论在一系列渐近有效的推断方法下仍然成立。
In this reply to a comment by Jentsch and Lunsford, we show that the evidence for economic and statistically significant macroeconomic effects of tax changes in Mertens and Ravn (2013) remains present for a range of asymptotically valid inference methods.