Gogas, Periklis; Serletis, Apostolos - Volkswirtschaftliche Fakultät, … - 2005
This paper tests Mankiw’s (1987) revenue-smoothing hypothesis, that the inflation rate moves one-for-one with the marginal tax rate in the long run, using the new average marginal tax rate series constructed by Stephenson (1998) and the long-horizon regression approach developed by Fisher and...