Essays in сomputational macroeconomics and public finance
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Citation
Abstract
This dissertation applies advanced and novel computational tools to two major classes of economic simulations – large-scale, multi-region overlapping generations (OLG) models and models of lifetime consumption optimization. Chapters one and two develop large-scale, global OLG models to simulate, respectively, the future of automation and consequences of major corporate tax reform. Chapters three and four utilize The Fiscal Analyzer (TFA), a lifetime consumption smoothing algorithm, to estimate lifetime marginal tax rates of American workers and evaluate the impact of the Tax Cuts and Job Act (TCJA) on residents of red and blue states.