The Specification of the Demand for Money and the Tax Multiplier.

This paper modifies the standard IS-LM curve model by making the demand for money a function of taxes as well as of national income and the rate of interest. If finds that as a result, the tax multiplier may be positive and a progressive income tax may be less of a built-in stabilizer than a proport...

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Publicado en:	Journal of Political Economy Vol. 80; no. 1; pp. 179 - 186
Autores principales:	Holmes, James M., Smyth, David J.
Formato:	Artículo
Publicado:	University of Chicago Press Jan/Feb72
Materias:	Demand for money Multiplier (Economics) Taxation Income Interest rates Households Decision making
Acceso en línea:	Ver este registro en EBSCOhost