Balanced budget multiplier, imperfect competition and indirect taxation

Ramon Torregrosa

Working Papers. Serie EC from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: This paper presents a counter-example to sorne new-Keynesian features. In particular, by considering indirect tax rates, 1 obtain a negative and monotonically non-increasing relation between the magnitude of both the balanced budget and the welfare multipliers with respect to the market-power. Este artículo presenta un contraejemplo a algunas propiedades neo-keynesianas de los modelos de equilibrio general con competencia imperfecta. En particular, para el caso de impuestos indirectos, se obtiene una relación negativa y monótona no-creciente para los multiplicadores con presupuesto equilibrado y del bienestar respecto del poder del mercado.

Keywords: Multiplicador con presupuesto equilibrado; competencia imperfecta; impuesto indirecto Balanced budget multiplier; imperfect competition; indirect taxation (search for similar items in EconPapers)
JEL-codes: E12 E62 L16 (search for similar items in EconPapers)
Pages: 20 pages
Date: 1999-02
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasec:1999-02

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