On the effectiveness of automatic stabilizers under rational expectations when there is partial current information

Minford, A.P.L. and Peel, David (1983) On the effectiveness of automatic stabilizers under rational expectations when there is partial current information. Economics Letters, 11 (3). pp. 225-229. ISSN 0165-1765

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Abstract

A number of papers have considered the impact of automatic stabilizers on the behaviour of real output in an economy. In this paper we consider the influence of tax stabilizers on output in amodelembodyinga Sargent-Wallace supply curve and an economy wide capitalmarket. We show that the impact of taxes on the variance of output is not independent of the degree of monetary noise.

Item Type:
Journal Article
Journal or Publication Title:
Economics Letters
Uncontrolled Keywords:
/dk/atira/pure/researchoutput/libraryofcongress/hb
Subjects:
?? ECONOMICSFINANCEECONOMICS AND ECONOMETRICSHB ECONOMIC THEORY ??
ID Code:
55915
Deposited By:
Deposited On:
17 Jul 2012 13:47
Refereed?:
Yes
Published?:
Published
Last Modified:
20 Sep 2023 00:22