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Balanced budget multiplier, imperfect competition and indirect taxation


  • Ramón José Torregrosa Montaner

    () (Universidad de Salamanca)


This paper presents a counter-example to sorne new-Keynesian features. In particular, by considering indirect tax rates, 1 obtain a negative and monotonically non-increasing relation between the magnitude of both the balanced budget and the welfare multipliers with respect to the market-power. Este artículo presenta un contraejemplo a algunas propiedades neo-keynesianas de los modelos de equilibrio general con competencia imperfecta. En particular, para el caso de impuestos indirectos, se obtiene una relación negativa y monótona no-creciente para los multiplicadores con presupuesto equilibrado y del bienestar respecto del poder del mercado.

Suggested Citation

  • Ramón José Torregrosa Montaner, 1999. "Balanced budget multiplier, imperfect competition and indirect taxation," Working Papers. Serie EC 1999-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  • Handle: RePEc:ivi:wpasec:1999-02

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    Cited by:

    1. Balamatsias, Pavlos, 2017. "Inequality, imperfect competition, and fiscal policy," MPRA Paper 82178, University Library of Munich, Germany.

    More about this item


    Multiplicador con presupuesto equilibrado; competencia imperfecta; impuesto indirecto Balanced budget multiplier; imperfect competition; indirect taxation;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure


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