Year: 1990
Author: Chang, Wen-ya, Lai, Ching-chong
Credit and Capital Markets – Kredit und Kapital, Vol. 23 (1990), Iss. 3 : pp. 351–357
Abstract
A Note on Tax Multiplier
The conclusion of Holmes and Smyth (1972), which has received wide attention in the literature, indicates that a tax cut policy may depress domestic output if the money demand function is determined by disposable income rather than national income. This paper adopts the Cebula (1976) specification of the consumption and investment functions, and finds that the Holmes-Smyth assertion is not valid under this amended framework.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.23.3.351
Credit and Capital Markets – Kredit und Kapital, Vol. 23 (1990), Iss. 3 : pp. 351–357
Published online: 1990-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 7
Author Details
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Google Scholar -
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Google Scholar -
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