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Intertemporal Revenue-Smoothing in the Postwar United States and Canada

Author

Listed:
  • Akhand, H-A
  • Marshall, J-B

Abstract

The hypothesis that cooperation between fiscal and monetary authorities to minimize the distortionary costs of financing an exogenous stream of government expenditures implies a long-run relationship between inflation and tax rates is called the revenue-smoothing hypothesis. This paper uses the marginal tax rate as a tax measure, and tests a hierarchy of hypoteses implied by the revenue-smoothing model.

Suggested Citation

  • Akhand, H-A & Marshall, J-B, 1996. "Intertemporal Revenue-Smoothing in the Postwar United States and Canada," Papers 71, Regina - Department of Economics.
  • Handle: RePEc:fth:regina:71
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    References listed on IDEAS

    as
    1. Summers, Lawrence H, 1993. "Keynote Speech: Population Problem Confronted by the World Economy: A Summary," Public Finance = Finances publiques, , vol. 48(Supplemen), pages 1-3.
    2. David C. Stapleton & Douglas J. Young, 1984. "The Effects of Demographic Change on the Distribution of Wages, 1967-1990," Journal of Human Resources, University of Wisconsin Press, vol. 19(2), pages 175-201.
    3. Welch, Finis, 1979. "Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 65-97, October.
    4. Finis Welch, 1979. "Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust," UCLA Economics Working Papers 146, UCLA Department of Economics.
    5. Laurence J. Kotlikoff, 1979. "Social Security and Equilibrium Capital Intensity," The Quarterly Journal of Economics, Oxford University Press, vol. 93(2), pages 233-253.
    6. Berger, Mark C, 1985. "The Effect of Cohort Size on Earnings Growth: A Reexamination of the Evidence," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 561-573, June.
    7. Burbidge, John B., 1983. "Social security and savings plans in overlapping-generations models," Journal of Public Economics, Elsevier, vol. 21(1), pages 79-92, June.
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    More about this item

    Keywords

    PUBLIC EXPENDITURES; TAXATION; FISCAL POLICY;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation

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