The role of taxes as automatic destabilizers in New Keynesian economics

被引:7
作者
Kleven, HJ
Kreiner, CT
机构
[1] Univ Copenhagen, Inst Econ, DK-1455 Copenhagen K, Denmark
[2] EPRU, DK-1455 Copenhagen K, Denmark
关键词
New Keynesian economics; taxation; automatic stabilizers;
D O I
10.1016/S0047-2727(01)00139-6
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyses the effects of taxation in New Keynesian economics. The results 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. (C) 2001 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:1123 / 1136
页数:14
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