Barrell, Ray; Fic, Tatiana; Liadze, Iana - In: National Institute Economic Review 207 (2009) 1, pp. 43-50
We investigate the effects of changes in taxes using the National Institute international macro model, NiGEM. A comparison on fiscal impulses worth 1 per cent of GDP for one year is made, with a comparison of a direct tax change, indirect tax change, and a lump sum payment. Multipliers are...