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The Dynamic Behaviour of a Simple Macro Economic Model with a Tax Based Incomes Policy

Research output: Contribution to journalJournal article

Published
<mark>Journal publication date</mark>1979
<mark>Journal</mark>Economics Letters
Issue number2
Volume3
Number of pages5
Pages (from-to)139-143
Publication statusPublished
Original languageEnglish

Abstract

Taxbasedincomespolicies are studied in a mark-up pricing framework with adaptive expectations. Stability may be endangered by such polities. Implications of these stability effects for policy decisions are drawn.