Working Papers
Working Papers
“Fiscal Policy and Inflation in Pre-Pandemic U.S. History” (with R. Mao and W. Shen), November 2024.
“Optimal Fiscal Spending and Reserve Accumulation Policy under Volatile Aid” (with I. Moldovan and L.-F. Zanna), December 2024.
“Infrastructure Multipliers: Accounting for O&M Costs (with J.-J. Chang and H.-Y. Lin),” October 2024.
“Identifying of Monetary Policy Shocks for the Taiwanese Economy: a Tentative Investigation” (with J.-J. Chang), June 2009.
“A Chronology of Federal Income Tax Policy: 1947-2009,” CAEPR Working Paper 2007021, 2008 (updated July 2009).
Mao, R., W. Shen, and S.-C. S. Yang, 2024, "Can Passive Monetary Policy Decrease the Debt Burden? " Journal of Economic Dynamics and Control, 159 (February), 104802.
Chang, J.J., C.-H. Kuo, H.-Y. Lin, and S.-C. S. Yang, 2023, "Share Buybacks and Corporate Tax Cuts," Journal of Economic Dynamics and Control, 151 (June), 104622.
Mao, R., W. Shen, and S.-C. S. Yang, 2023, “Uncertain Policy Regimes and Government Spending Effects,” European Economic Review, 152 (February), 104330.
Bi, H., W. Shen, and S.-C. S. Yang, 2022, “Fiscal Implications of Interest Rate Normalization in the United States,” Canadian Journal of Economics, 55 (2), 868-904.
Chang, J.-J., H.-Y. Lin, N. Traum, and S.-C. S. Yang, 2021, “Fiscal Consolidation and Public Wages,” Journal of Money, Credit and Banking, 53 (2-3), 503-533.
Fotiou, A., W. Shen, and S.-C. S. Yang, 2020, “The Fiscal State-Dependent Effects of Capital Income Tax Cuts,” Journal of Economic Dynamics and Control, 117 (August), 1-21.
Chang, J.-J., H.-Y. Lin, C.-H. Su, and S.-C. S. Yang, 2019, “The Macroeconomic Effects of Fluctuating Tourism Receipts” (in Chinese), Academia Economic Papers 47 (2), 163-207.
Fu, C.-Y., H.-Y. Lin, and S.-C. S. Yang, 2018, “Tax Reform and the Underground Economy in Taiwan: A DSGE Approach” (in Chinese), Taiwan Economic Forecasts and Policies, 49 (1), 1-45.
Shen, W. and S.-C. S. Yang, 2018, “Downward Nominal Wage Rigidity and State-Dependent Government Spending Multipliers,” Journal of Monetary Economics, 98, 11-26.
Shen, W., S.-C. S. Yang, and F.-L. Zanna, 2018, “Government Spending Effects in Low-Income Countries,” Journal of Development Economics, 133, 201-219.
Deléchat, C., S.-C. S. Yang, and others, 2017, “Harnessing Resource Wealth for Inclusive Growth in Fragile West Africa,” Journal of African Economies, 26 (2), 256-293.
Bi, H., W. Shen, and S.-C. S. Yang, 2016, “Fiscal Limits in Developing Countries: a DSGE Approach,” Journal of Macroeconomics, 49, 119-130.
Bi, H., W. Shen, and S.-C. S. Yang, 2016, “Debt-Dependent Effects of Fiscal Expansions,” European Economic Review, 88, 142-157.
Melina, G., S.-C. S. Yang, and F.-L. Zanna, 2016, “Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model,” Economic Modelling, 52, 630-649.
Richmond, C., I. Yackovlev, S.-C. S. Yang, 2015, “Investing Volatile Resource Revenues in Capital-Scarce Economies,” 2015, Pacific Economic Review, 20 (1), 193-221.
Traum, N and S.-C. S. Yang, 2015, “When Does Government Debt Crowd Out Investment?” Journal of Applied Econometrics, 30, 24-45.
Leeper, E.M., T.B. Walker, and S.-C. S. Yang, 2013, “Fiscal Foresight and Information Flows,” Econometrica, 81 (3), 1115-1145.
Berg, A., R. Portillo, S.-C. S. Yang, and L.-F. Zanna, 2013, “Public Investment in Resource Abundant Developing Countries,” 2013, IMF Economic Review, 61 (1), 92-129.
Traum, N. and S.-C. S. Yang, 2011, “Monetary and Fiscal Policy Interactions in the Postwar U.S.,” 2011, European Economic Review, 55 (1), 140-164, January.
Leeper, E.M., T.B. Walker, and S.-C. S. Yang, 2010, “Government Investment and Fiscal Stimulus,” 2010, Journal of Monetary Economics, 57 (8), 1000-1012.
Leeper, E.M. and S.-C. S. Yang, 2008, “Dynamic Scoring: Alternative Financing Schemes,” 2008, Journal of Public Economics, 92, 159-182.
Yang, S.-C. S., 2007, “Do Capital Income Tax Cuts Trickle Down?” National Tax Journal, 60 (3), 551-567.
Yang, S.-C. S., 2007, “Tentative Evidence of Tax Foresight,” Economics Letters, 96 (1), 30-37.
Yang, S.-C. S., 2005, “Quantifying Tax Effects under Policy Foresight,” 2005, Journal of Monetary Economics, 52 (8), 1557-1568.
1. “ ‘Best-Practice’ Sovereign Wealth Funds for Sound Fiscal Management” (with C. Deléchat and M. Villafuerte), 2017, in The New Frontiers of Sovereign Investment, edited by M. Rietveld and P. Toledano, Columbia University Press.
2. “Sovereign Wealth Funds in the Context of Macro-fiscal Frameworks for Resource-Rich Developing Countries” (with C. Deléchat and M. Villafuerte), 2017, in The New Frontiers of Sovereign Investment, edited by M. Rietveld and P. Toledano, Columbia University Press.
3. “Modeling African Economies: a DSGE Approach” (with A. Berg and L.-F. Zanna), 2015, in Oxford Handbook of Africa and Economics, edited by C. Monga and J. Lin, Oxford University Press.