Balanced Budget Multiplier with Indirect Taxes Under Imperfect Competition
ISSN: 0186-7202
Argitalpen urtea: 2003
Alea: 18
Zenbakia: 1
Orrialdeak: 3-13
Mota: Artikulua
Beste argitalpen batzuk: Estudios económicos
Laburpena
This paper presents two counter-examples to the Keynesian features attributed to imperfect competition in general equilibrium models. In particular, by considering indirect tax rates, a non possitive and monotonically non-increasing relationship between the magnitude of both the balanced budget and welfare multipliers and market-power is obtained.