The significance of federal taxes as automatic stabilizers

This article discusses the significant role played by federal taxes in the fiscal policy of the U.S. as of August 2000. Automatic stabilizers are those elements of fiscal policy that tend to mitigate output fluctuations without any explicit government action. From the traditional Keynesian perspecti...

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Bibliographic Details
Main Authors: Auerbach, Alan J, Feenberg, Daniel
Format: Book
Published: Nashville American Economic Association Summer 2000
Series:Journal of Economic Perspectives n. 3
Subjects: