In this background document, the authors provide some information on the choices of key parameter values used in the Diamond-Zodrow model. They focus on parameters involving labor supply, saving, international capital flows and substitution among factors of production.
Feb. 4, 2021, 4:58 p.m.
Joyce Beebe, Ph.D., is a fellow in public finance at the Baker Institute. Her research focuses on tax reforms in the U.S. and computable general equilibrium modeling of the effects of tax reforms. Her other research interests include wealth accumulation over …
Jorge Barro, Ph.D. is a fellow in public finance at the Baker Institute. His area of research involves the development of dynamic macroeconomic models for fiscal policy evaluation. Prior to joining the Baker Institute, Barro was an economist at the …
