Add to ORKGIn this paper, we re-examine the standard analysis of the short-run effect of a personal tax cut. If consumer spending generates more money demand than other components of GNP, then tax cuts may, by increasing the demand for money, depress aggregate demand. We examine a variety of evidence and conclude that the necessary condition for contractionary tax cuts is probably satisfied for the U.S. economy.
This paper examines the recent United States experience with sustained budget deficits and concludes...
We examine the ability of the Expansionary Fiscal Contraction (EFC) hypothesis to explain the perfor...
We examine the usefulness of the Expansionary Fiscal Contraction hypothesis in explaining the perfor...
For several years, economists have been debating how well Federal tax policy changes have performed ...
The hypothesis that decreases in taxes reduce future government spending is often cited as a reason ...
As soon as President R. Reagan took office, he introduced a massive tax cut program which was unprec...
We determine the effects of a delayed or immediate tax cut with or without a "sunset" feature in a r...
Expansionary fiscal contractions were first illustrated by several fiscal episodes that occurred in ...
This paper examines the macroeconomic effects of unexpected, exogenous, simultaneous, temporary cuts...
The first two years of the economic expansion that began in 1983 were unusually strong and were acco...
Both fiscal and monetary authorities have engaged in ‘unconventional’ policies over the past few yea...
There are many economists who argue that temporary tax cuts, like those in the 2009 stimulus and the...
This report provides discusses about Government Spending or Tax Reduction and check which adds more...
Can expansionary fiscal or monetary policy stimulate the U.S. economy in light of recent events?&nbs...
We examine the evidence on episodes of large stances in fiscal policy, both in cases of fiscal stimu...
This paper examines the recent United States experience with sustained budget deficits and concludes...
We examine the ability of the Expansionary Fiscal Contraction (EFC) hypothesis to explain the perfor...
We examine the usefulness of the Expansionary Fiscal Contraction hypothesis in explaining the perfor...
For several years, economists have been debating how well Federal tax policy changes have performed ...
The hypothesis that decreases in taxes reduce future government spending is often cited as a reason ...
As soon as President R. Reagan took office, he introduced a massive tax cut program which was unprec...
We determine the effects of a delayed or immediate tax cut with or without a "sunset" feature in a r...
Expansionary fiscal contractions were first illustrated by several fiscal episodes that occurred in ...
This paper examines the macroeconomic effects of unexpected, exogenous, simultaneous, temporary cuts...
The first two years of the economic expansion that began in 1983 were unusually strong and were acco...
Both fiscal and monetary authorities have engaged in ‘unconventional’ policies over the past few yea...
There are many economists who argue that temporary tax cuts, like those in the 2009 stimulus and the...
This report provides discusses about Government Spending or Tax Reduction and check which adds more...
Can expansionary fiscal or monetary policy stimulate the U.S. economy in light of recent events?&nbs...
We examine the evidence on episodes of large stances in fiscal policy, both in cases of fiscal stimu...
This paper examines the recent United States experience with sustained budget deficits and concludes...
We examine the ability of the Expansionary Fiscal Contraction (EFC) hypothesis to explain the perfor...
We examine the usefulness of the Expansionary Fiscal Contraction hypothesis in explaining the perfor...