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A Note on Taxation, Imperfect Competition and the Balanced Budget Multiplier

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Molana, Hassan
Moutos, Thomas

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Abstract

This paper explores the implications of the form of taxation for the size of the balanced budget multiplier in imperfectly competitive models. The authors show that the balanced budget multiplier is positive but less than unity when there is either a lump-sum or a proportional profit tax, that it is zero when taxes are proportional to total income (wage and profit income), and that it can be negative when a proportional tax is levied on wage income alone. Copyright 1992 by Royal Economic Society.

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Publisher Info
Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 44 (1992)
Issue (Month): 1 (January)
Pages: 68-74
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Handle: RePEc:oup:oxecpp:v:44:y:1992:i:1:p:68-74

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  1. Emmanuelle Taugourdeau, 2002. "Imperfect Competition and Fiscal Policy Transmission in a Two-Country Economy," Open Economies Review, Springer, vol. 13(1), pages 47-71, January. [Downloadable!] (restricted)
  2. Tetsuya Nakajima, 2005. "A Simple Model of Keynesian Unemployment," Macroeconomics 0502024, EconWPA. [Downloadable!]
  3. Ramón J. Torregrosa Montaner, 2003. "Balanced budget multiplier with indirect taxes under imperfect competition," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 18(1), pages 3-13. [Downloadable!]
  4. Kaas, Leo & Madden, Paul, 2000. "Imperfectly Competitive Cycles with Keynesian and Walrasian Features," Economics Series 83, Institute for Advanced Studies. [Downloadable!]
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  5. Jim Malley & Hassan Molana, 2001. "Monopolistic Competition, Efficiency Wages and Perverse Effects of Demand Shock," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
    Other versions:
  6. Heijdra, Ben J. & Ligthart, Jenny E., 2005. "Fiscal policy, monopolistic competition, and finite lives," Discussion Paper 126, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  7. Jim Malley & Hassan Molana, 2002. "Efficiency Wages, Unemployment and Macroeconomic Policy," Working Papers 2002_3, Department of Economics, University of Glasgow. [Downloadable!]
  8. Luís Costa, 2007. "GDP steady-state multipliers under monopolistic competition revisited," Portuguese Economic Journal, Springer, vol. 6(3), pages 181-204, December. [Downloadable!] (restricted)
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