Tax structure, optimal fiscal policy, and the business cycle

The development of a real business cycle model in which government fiscal variables such as tax rates and public expenditures are endogenous. The authors characterize the "optimal" behavior of these policy variables over the business cycle and relate this behavior to movements in private-sector variables like output, consumption, labor hours, and investment.

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Year of publication:	1994
Authors:	Guo, Jang-Ting ; Lansing, Kevin J.
Published in:	Economic Review. - Federal Reserve Bank of Cleveland. - 1994, Q IV, v. 30, no. 4, p. 2-14
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Business cycles \| Taxation \| Fiscal policy

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005491055