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The Significance of Federal Taxes as Automatic Stabilizers Author info | Abstract | Publisher info | Download info | Related research | Statistics Alan J. Auerbach
Daniel Feenberg
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Using the TAXSIM model for the period 1962-95, we consider the federal tax system's impact as an automatic stabilizer. Despite the many changes in the tax system, there has been relatively little change in its role as an automatic stabilizer. We estimate that individual federal taxes offset perhaps as much as 8 percent of initial shocks to GDP. We also suggest that the progressive income tax may help to stabilize output via its effect on the supply of labor, an additional effect that may even be of similar magnitude to the more traditional path of stabilization through aggregate demand.
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Article provided by American Economic Association in its journal Journal of Economic Perspectives .
Volume (Year): 14 (2000)
Issue (Month): 3 (Summer)
Pages: 37-56
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Handle: RePEc:aea:jecper:v:14:y:2000:i:3:p:37-56Contact details of provider: Email: Web page: http://www.aeaweb.org/jep/ More information through EDIRC
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