Isbn: 9781332283989 - a tax-based test for nominal rigidities (classic reprint) (3 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This book uses data from the United Kingdom and the United States to explore the effects of changing tax policy by comparing real-world instances of tax reforms from 1948 through 1984. The author constructs a particular tax-rate variable to differentiate between direct and indirect taxes. The author challenges the common economic perception that when prices are in equilibrium, a tax change's impact will not vary based on which side of the market it is levied upon. Instead, the author presents a concept of sticky prices, where time is required for the market to reach a new equilibrium. Using a time-series of tax reforms, the author finds strong evidence of the significance of tax revenue source and measures of the short and long-term economic effects of tax changes on prices, wages, and output. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…