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dc.contributor.authorSmyth, D.J.
dc.date.accessioned2014-04-25T14:24:35Z
dc.date.available2014-04-25T14:24:35Z
dc.date.issued1976
dc.identifier.citationD.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.issn0012-9984
dc.identifier.urihttp://hdl.handle.net/2262/69072
dc.description.abstractIn 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.isoen
dc.publisherEconomic & Social Studies
dc.relation.ispartofseriesEconomic and Social Review
dc.relation.ispartofseriesVol.7 (Issue 4), 1976
dc.subjectEconomics
dc.subjectTax
dc.subjectIreland
dc.titleBuilt-in flexibility of taxation and stability when tax liabilities respond with a time lag .2. Reply
dc.typeLetter
dc.status.refereedYes
dc.publisher.placeDublin
dc.rights.ecaccessrightsOpenAccess
dc.format.extentpaginationpp419-422


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