that the central bank has an important responsibility for stabilizing output. Output stabilization is an instrument to …

, and thus total net GHG stabilization costs, remain largely unaffected. We also analyze the implication of a policy mix in …

restrictions. Taking account of the income tax rates and the size differences of the firms, we find that demand stabilization … through the corporate income tax amounts to about 8 per cent of an initial shock to gross revenues. This stabilization effect …