The macroeconomic and sectoral effects of the Economic Recovery Tax Act: some simulation results

  • Flint Brayton
  • Peter B. Clark
Part of the International Studies In Economic Modelling book series (ISIM)

Abstract

The unprecedented size of federal deficits in recent years has stimulated interest in the effects of fiscal policy. The effects of fiscal policy can be classified broadly into two categories:
  1. (1)

    those relating to the short-run level of economic activity through the effect on aggregate demand and

     
  2. (2)

    those relating to the long-run level of economic activity through the effect on aggregate supply.

     

Keywords

Interest Rate Monetary Policy Fiscal Policy Real Interest Rate Nominal Interest Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Chapman and Hall Ltd 1988

Authors and Affiliations

  • Flint Brayton
  • Peter B. Clark

There are no affiliations available

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