Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - On the effectiveness of automatic stabilizers under rational expectations when there is partial current information
AU - Minford, A.P.L.
AU - Peel, David
PY - 1983
Y1 - 1983
N2 - 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.
AB - 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.
U2 - 10.1016/0165-1765(83)90140-4
DO - 10.1016/0165-1765(83)90140-4
M3 - Journal article
VL - 11
SP - 225
EP - 229
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
IS - 3
ER -