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

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題名:	THE ROLE OF SUPPLY-SIDE EFFECT OF TAXES ON THE BALANCED BUDGET MULTIPLIER
作者:	CHANG,WY;LAI,CC
貢獻者:	產業經濟研究所
關鍵詞:	RATES
日期:	1992
上傳時間:	2010-06-29 20:31:46 (UTC+8)
出版者:	中央大學
摘要:	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.
關聯:	PUBLIC FINANCE-FINANCES PUBLIQUES
顯示於類別:	[產業經濟研究所] 期刊論文

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