Automatic stabilizers in the Japanese tax system

被引：2

作者：

Funashima, Yoshito ^{[1
]}

机构：

[1] Tohoku Gakuin Univ, Fac Econ, Aoba Ku, 1-3-1 Tsuchitoi, Sendai, Miyagi 9808511, Japan

来源：

JOURNAL OF ASIAN ECONOMICS | 2015年 / 39卷

基金：

日本学术振兴会;

关键词：

Automatic stabilizer; Output volatility; Business cycle; Wavelet; Japanese tax system;

D O I：

10.1016/j.asieco.2015.06.004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

When studying the role of taxes as an automatic stabilizer, excluding the effects of discretionary tax reform is troublesome. A fruitful approach to identifying tax movements over business cycles would be to utilize cyclical information. From this perspective, we exploit wavelets in order to characterize the automatic response of taxes to output at business cycle frequencies in the postwar Japanese economy. We find the presence of automatic stabilizers in the Japanese tax system under the influence of relatively high output volatility but the absence of such stabilizers during the period of the "Great Moderation'' in Japan in the 1980s. (C) 2015 Elsevier Inc. All rights reserved.

引用

页码：86 / 93

页数：8

共 19 条

[1] THE CONTINUOUS WAVELET TRANSFORM: MOVING BEYOND UNI- AND BIVARIATE ANALYSIS [J].