Macroeconomic Effects of the Tax Reform Act of 1994

Fritz Breuss, Fritz Schebeck and Michael Wüger
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Fritz Breuss: WIFO
Fritz Schebeck: WIFO
Michael Wüger: WIFO
Authors registered in the RePEc Author Service: Michael Wueger

WIFO Monatsberichte (monthly reports), 1994, vol. 67, issue 1, pages 50-56

Abstract: 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.

Keywords: Gesamtwirtschaftliche Auswirkungen der Steuerreform 1994; Macroeconomic Effects of the Tax Reform Act of 1994 (search for similar items in EconPapers)
Date: 1994

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