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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Mayer, Eric | en |
dc.contributor.author | Grimm, Oliver | en |
dc.date.accessioned | 2008-10-30 | - |
dc.date.accessioned | 2010-08-17T12:38:49Z | - |
dc.date.available | 2010-08-17T12:38:49Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/38820 | - |
dc.description.abstract | In this paper, we explore the benefits from a supply-side oriented fiscal tax policy within the framework of a New Keynesian DSGE model. We show that countercyclical tax rules, which are contingent on the observed welfare gap or on the cost-push shock and levied on value added, remarkably reduce the adverse impact of cost-push shocks on welfare. We state that the tax rule establishes a path for the evolution of marginal cost at the firm level that largely prevents built up of price dispersion. We highlight that this tax policy is also effective under a balancedbudget regime. Hence, fiscal policy can disencumber monetary policy in the light of cost-push shocks. | en |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of Würzburg, Department of Economics |cWürzburg | en |
dc.relation.ispartofseries | |aW.E.P. - Würzburg Economic Papers |x78 | en |
dc.subject.jel | E32 | en |
dc.subject.jel | E61 | en |
dc.subject.jel | E62 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Countercyclical fiscal policy | en |
dc.subject.keyword | welfare costs | en |
dc.subject.keyword | nominal rigidities | en |
dc.subject.stw | Antizyklische Finanzpolitik | en |
dc.subject.stw | Soziale Kosten | en |
dc.subject.stw | Wohlfahrtseffekt | en |
dc.subject.stw | Preisspanne | en |
dc.subject.stw | Dynamisches Gleichgewicht | en |
dc.subject.stw | Ungleichgewichtstheorie | en |
dc.subject.stw | Theorie | en |
dc.title | Countercyclical taxation and price dispersion | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 583986528 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:wuewep:78 | en |
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