Browsing The Economic and Social Review, Vol. 07, No. 4, 1976 by Author "Smyth, D.J."
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Built-in flexibility of taxation and stability when tax liabilities respond with a time lag .2. Reply
Smyth, D.J. (Economic & Social StudiesDublin, 1976)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 ...