| Title |
Feedback Effects and the Laffer Landscape
|
| Author |
Stinespring, John R.
|
| Type of Resource |
text
|
| Digital Origin |
born digital
|
| Date Created |
2007-09
|
| Abstract |
This paper combines the dynamic scoring literature with Laffer curve analysis to reveal the relationship between feedback effects and the shape of the Laffer curve. A Neoclassical growth model with multiple government expenditures and revenues is used and the conditions under which a tax cut can be self-financing are explored. Steady state results indicate that fiscal regimes with a greater reliance on debt financing or lump-sum transfers are more likely to be self-financing than those with larger expenditures on government consumption and productivity-enhancing public capital.
|
| Keywords |
Laffer
dynamic scoring
growth
fiscal
debt
economic growth
fiscal policy
optimal taxation
|
| Rights Statement |
Copyright restrictions apply. Contact the author for permission to publish.
|
| Note (admin) |
Acquired as PDF from Colorado College Department of Economics and Business. Converted to PDF/A1.b using Adobe Acrobat Professional.
|
| Publisher |
Colorado College
|
| Place of Publication |
Colorado Springs, Colorado
|
| Local Identifier |
2007-06
|
| Handle |
http://hdl.handle.net/10176/coccc:2615
|
