The role of taxes as automatic destabilizers in New Keynesian economics

• 成果类型: Article
• 署名作者: Kleven, HJ; Kreiner, CT
• 署名单位: University of Copenhagen
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(01)00139-6
• 发表日期: 2003
• 页码: 1123-1136
• 关键词: New Keynesian economics; taxation; automatic stabilizers

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.