Wüger, Michael - In: WIFO Monatsberichte (monthly reports) 73 (2000) 12, pp. 727-735
Tax cuts like those of 1 January 2000 drive consumer demand, even though only part of the liquidity thus gained will be spent on consumption, whereas savings grow to an even greater extent. The propensity to save rises, at least in the short term, as is the case when the economy is on an...