Analysis of Tax Effects on Household Debts of a Nation in a Monetary Union
4 Pages Posted: 1 May 2016
Date Written: April 28, 2016
Unlike many theoretical analysis of tax effects on household debts in a monetary union, this paper builds up analysis from a household budget constraint, instead of starting from a model. By a monetary union, it is assumed that all nations in the union share same currency. The size of tax multiplier is analyzed.
Keywords: fiscal multiplier, tax multiplier, debt analysis, monetary union, household debts, international macroeconomics
JEL Classification: E13, E62, F19, F41, F45, H30, H60
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