dc.contributor.author | Smyth, D.J. | |
dc.date.accessioned | 2014-04-25T14:24:35Z | |
dc.date.available | 2014-04-25T14:24:35Z | |
dc.date.issued | 1976 | |
dc.identifier.citation | D.J. Smyth, 'Built-in flexibility of taxation and stability when tax liabilities respond with a time lag .2. Reply', [Letter], Economic and Social Research Institute, Economic and Social Review, Vol.7 (Issue 4), 1976, 1976, pp419-422 | |
dc.identifier.issn | 0012-9984 | |
dc.identifier.uri | http://hdl.handle.net/2262/69072 | |
dc.description.abstract | In my earlier paper (Smyth, 1975b) I combined a distributed lag or permanent income consumption function with a lagged tax function. Bradley (1976) disputes my finding that short, two-period, oscillations may result and that consequently the presence of built-in flexibility of taxation may be destabilising rather than stabilising. Bradley reaches his conclusion by limiting consideration to parameter values that he regards as plausible. I shall demonstrate that there is empirical evidence that conflicts with that advanced by Bradley, evidence that gives parameter values consistent with oscillations and destabilisation. | |
dc.language.iso | en | |
dc.publisher | Economic & Social Studies | |
dc.relation.ispartofseries | Economic and Social Review | |
dc.relation.ispartofseries | Vol.7 (Issue 4), 1976 | |
dc.subject | Economics | |
dc.subject | Tax | |
dc.subject | Ireland | |
dc.title | Built-in flexibility of taxation and stability when tax liabilities respond with a time lag .2. Reply | |
dc.type | Letter | |
dc.status.refereed | Yes | |
dc.publisher.place | Dublin | |
dc.rights.ecaccessrights | OpenAccess | |
dc.format.extentpagination | pp419-422 | |