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The Effect of the Tax System on the Impact of Government Debt

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Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP)

Abstract

Just as the ultimate impact of changes in taxes with a macroeconomic impact, such as the corporate income tax, cannot be determined without considering the concomitant changes in fiscal and monetary policies that could be expected, so the impact of changes in national debt resulting from deficits cannot be determined withoret looking into the tax structure that is likely to be involved in ultimately paying off the debt. Indeed fairly drastic differences in the impact of government debt will result from what may appear to be minor changes in the tax structure.

Keywords

Monetary Policy Public Debt Government Debt Debt Finance Inflationary Condition 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© SIPI Srl. Rivista di Politica Economica 1993

Authors and Affiliations

  1. 1.Columbia UniversityUSA

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