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| Author: | Jacobsen Kleven, H. Thustrup Kreiner, C. |
| Title: | The role of taxes as automatic destabilizers in New Keynesian economics |
| Journal: | Journal of Public Economics
2003 : MAY, VOL. 87:5-6, p. 1123-1136 |
| Index terms: | Keynesian school Taxation Stabilization |
| Language: | eng |
| Abstract: | The results of this study show that taxes contribute to price and wage stickiness and, moreover, that the resulting fluctuations in welfare are magnified by the presence of taxes. These results are at odds with the old Keynesian idea of automatic stabilizers. |
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