| dc.contributor.author | Adler, Johan | swe |
| dc.date.accessioned | 2006-12-14 | swe |
| dc.date.accessioned | 2007-02-09T11:16:01Z | |
| dc.date.available | 2007-02-09T11:16:01Z | |
| dc.date.issued | 2003 | swe |
| dc.identifier.issn | 1403-2465 | swe |
| dc.identifier.uri | http://hdl.handle.net/2077/2827 | |
| dc.description.abstract | Barro's (1979) tax smoothing hypothesis (TSH) assumes that the government is
always subject to an "optimal" degree of discretion in budget policy, i.e., optimal in
the sense that the welfare costs from taxation are minimized. This paper proposes a
generalization of the TSH that relaxes this crucial assumption. Postwar evidence for
Sweden indicates that in contrast to the TSH, the generalized model provides close to
a perfect fit: Tax smoothing behavior in combination with more discretion in budget
policy relative to what is optimal, can explain all shifts in the central government's
budget balance, including the dramatic shifts during the period 1970-96. | swe |
| dc.format.extent | 26 pages | swe |
| dc.format.extent | 277668 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.language.iso | en | swe |
| dc.relation.ispartofseries | Working Papers in Economics, nr 89 | swe |
| dc.subject | Tax smoothing; Discretion; Budget policy; Budget deficits | swe |
| dc.title | Has Sweden’s government budget policy been too
discretionary? Evidence from a generalization of the
tax smoothing hypothesis | swe |
| dc.type.svep | Report | swe |
| dc.contributor.department | Department of Economics | swe |
| dc.gup.origin | Göteborg University. School of Business, Economics and Law | swe |
| dc.gup.epcid | 2595 | swe |
| dc.subject.svep | Economics | swe |
