Macroeconomic Effects of the Tax Reform Act of 1994
The tax reform act of 1994 raises the purchasing power of private households and lowers the tax burden of enterprises. As a result, gross domestic product will rise in the medium term by 0.5 percent; employment will expand by 11,000 persons; the price level will rise by 0.4 percent; the deficit in the current balance and in the federal budget will rise by 0.6 percent of GDP, respectively.
Year of publication: |
1994
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Authors: | Breuss, Fritz ; Schebeck, Fritz ; Wüger, Michael |
Published in: |
WIFO Monatsberichte (monthly reports). - Österreichisches Institut für Wirtschaftsforschung (WIFO), ISSN 0029-9898. - Vol. 67.1994, 1, p. 50-56
|
Publisher: |
Österreichisches Institut für Wirtschaftsforschung (WIFO) |
Subject: | Gesamtwirtschaftliche Auswirkungen der Steuerreform 1994 | Macroeconomic Effects of the Tax Reform Act of 1994 |
Description of contents: | Abstract [wifo.ac.at] |
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