| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP84 |
| DP84 Taxation Versus Spending as the Fiscal Instrument for Demand Management: A Disequilibrium Welfare Approach | |
| Neil Rankin | |
| 发表日期 | 1985-10-01 |
| 出版年 | 1985 |
| 语种 | 英语 |
| 摘要 | The microeconomic foundations provided by the 'disequilibrium' macro-modelling approach of Barro-Grossman-Malinvaud are used to compare the performance of government spending and taxation as instruments of fiscal demand management in achieving a welfare optimum. Spending is successively treated as 'waste', 'consumption' and 'investment'. In all cases, when bond-financed deficits are permitted, spending should be set with regard only to the full employment situation, leaving taxation as the instrument for maintaining full employment. Only when a balanced-budget constraint is imposed are there grounds for spending to be set above this level. This may occur when (a) an investment 'accelerator' exists, (b) there is utility of leisure, and (c) spending provides utility. |
| 主题 | International Macroeconomics |
| 关键词 | Demand management Disequilibrium Fiscal policy Taxation versus spending Welfare |
| URL | https://cepr.org/publications/dp84 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529239 |
| 推荐引用方式 GB/T 7714 | Neil Rankin. DP84 Taxation Versus Spending as the Fiscal Instrument for Demand Management: A Disequilibrium Welfare Approach. 1985. |
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