Title of article
The role of taxes as automatic destabilizers in New Keynesian economics
Author/Authors
Kleven، Henrik Jacobsen نويسنده , , Kreiner، Claus Thustrup نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2003
Pages
-1122
From page
1123
To page
0
Abstract
This paper analyses the effects of taxation in New Keynesian economics. The results show that taxes contribute to price and wage stickiness and, moreover, that the resulting fluctuations in welfare are magnified by the presence of taxes. These results are at odds with the old Keynesian idea of automatic stabilizers.
Keywords
Motherese , Infant-directed speech , Childrens speech production
Journal title
Journal of Public Economics
Serial Year
2003
Journal title
Journal of Public Economics
Record number
67735
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