12.19.18. Junjie Guo and Noah Williams. On June 30, 2013, Wisconsin Act 20, which reduced the state’s personal income tax rates for the first time since 1999 and eliminated a tax bracket, was signed into law. This reform was later followed by 2013 Wisconsin Act 145, which further reduced the marginal tax rate for the bottom income bracket.
Junjie Guo
Business Formation in Wisconsin During and After the Great Recession
2.28.18. Junjie Guo. New businesses are an increasingly important component of growth in output, employment, and productivity. We analyze new data from the U.S. Census Bureau to gain insight on business formations in Wisconsin before, during, and after the Great Recession of 2007-2009.
Forecasting the US and Wisconsin Economies in 2018
1.8.18. Junjie Guo and Noah Williams. This paper provides forecasts for the United States and Wisconsin economies in 2018. We use versions of mixed-frequency vector autoregression (MF-VAR) models that have been previously applied to forecast the national economy, which we extend to also consider the state of Wisconsin.