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 0165-1765Full text not available from this repository.
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.
|Journal or Publication Title:||Economics Letters|
|Subjects:||H Social Sciences > HB Economic Theory|
|Departments:||Lancaster University Management School > Economics|
|Deposited On:||17 Jul 2012 14:47|
|Last Modified:||24 Jan 2016 01:22|
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