Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/205403 
Authors: 
Year of Publication: 
1998
Series/Report no.: 
New Zealand Treasury Working Paper No. 98/09
Publisher: 
New Zealand Government, The Treasury, Wellington
Abstract: 
Tax smoothing minimises the economic costs of raising taxes to finance a varying profile of expenditure. This standard result assumes that expenditure pressures do not vary with the short term fiscal position. In the presence of expenditure creep, however, tax smoothing is no longer optimal tax policy.
Creative Commons License: 
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Document Type: 
Working Paper

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