THE ROLE OF SUPPLY-SIDE EFFECT OF TAXES ON THE BALANCED BUDGET MULTIPLIER

NCUIR > School of Management at National Central University > Graduate Institute of Industrial Economics > journal & Dissertation > Item 987654321/29575

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Title:	THE ROLE OF SUPPLY-SIDE EFFECT OF TAXES ON THE BALANCED BUDGET MULTIPLIER
Authors:	CHANG,WY;LAI,CC
Contributors:	產業經濟研究所
Keywords:	RATES
Date:	1992
Issue Date:	2010-06-29 20:31:46 (UTC+8)
Publisher:	中央大學
Abstract:	It is well-known in the macroeconomic literature that the balanced budget multiplier is positive. By adopting the principal tenets of the Supply-Side Economics, this paper reevaluates the validity of the ''balanced budget theorem'' according to the viewpoint proposed by Smyth [1970]. It shows that the balanced budget multiplier may be negative, depending on the extent of the tax-induced aggregate supply effects.
Relation:	PUBLIC FINANCE-FINANCES PUBLIQUES
Appears in Collections:	[Graduate Institute of Industrial Economics] journal & Dissertation

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