Are Tax Cuts Really Expansionary?

N. Gregory Mankiw, Lawrence H. Summers

In this paper, we re-examine the standard analysis of the short-run effect of a personal tax cut. If consumer spending generates more money demand than other components of GNP, then tax cuts may, by increasing the demand for money, depress aggregate demand. We examine a variety of evidence and conclude that the necessary condition for contractionary tax cuts is probably satisfied for the U.S. economy

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Year of publication:	September 1984
Authors:	Mankiw, N. Gregory
Other Persons:	Summers, Lawrence H. (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Steuersenkung \| Tax cut \| Wirkungsanalyse \| Impact assessment \| Steuerpolitik \| Tax policy \| Theorie \| Theory \| Steuerwirkung \| Tax effects

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w1443
Type of publication:	Book / Working Paper
Language:	English
Notes:	Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w1443 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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