摘要：This report documents an applied general equilibrium model of the United States.The model features explicit treatment of Federal, State, and local taxes and issegmented into 10 distinct subregions. These subregions engage in inter- andintraregional trade, as well as international trade. Each region is distinguished byits unique composition of industries, capital markets, and patterns of trade.Regional data developed for calibrating the model are discussed and several taxpolicy reform simulations demonstrate the modeling capabilities.
关键词：Cost of capital; fiscal policy; marginal effective tax rate; regional;applied general equilibrium; regional household welfare; State and Federal;taxation and reform
