Note
College of Business
Member of
Contributors
Publisher
Florida Atlantic University
Date Issued
1978
Description
This thesis explored the impact of inflation upon fiscal automatic
stabilizers during the 1973-75 recession. Our study confined itself to
the three main devices purported to stabilize the U.S. economy automatically:
(1) federal personal income tax liability, (2) corporate
profits tax liability, and (3) unemployment compensation benefits.
A recursive model, similar to that used by Dusenberry, Eckstein, and
Fromm to study fiscal automatic stabilizers in the 1957-58 recession,
was constructed. Our simulation results led us to conclude that there
was a substantial reduction in output and employment due to the impact
of inflation upon federal personal income tax liability in the 1973-75
recession. We reached a tentative conclusion that the effects of
inflation upon output and employment via corporate profits tax liability
were negligible. Finally, we concluded that the effects of inflation
upon output and employment via unemployment compensation benefits paid
were negligible in the recent stagflation.
stabilizers during the 1973-75 recession. Our study confined itself to
the three main devices purported to stabilize the U.S. economy automatically:
(1) federal personal income tax liability, (2) corporate
profits tax liability, and (3) unemployment compensation benefits.
A recursive model, similar to that used by Dusenberry, Eckstein, and
Fromm to study fiscal automatic stabilizers in the 1957-58 recession,
was constructed. Our simulation results led us to conclude that there
was a substantial reduction in output and employment due to the impact
of inflation upon federal personal income tax liability in the 1973-75
recession. We reached a tentative conclusion that the effects of
inflation upon output and employment via corporate profits tax liability
were negligible. Finally, we concluded that the effects of inflation
upon output and employment via unemployment compensation benefits paid
were negligible in the recent stagflation.
Language
Type
Form
Extent
82 p.
Identifier
13919
Additional Information
College of Business
Thesis (M.A.)--Florida Atlantic University, 1978.
FAU Electronic Theses and Dissertations Collection
Date Backup
1978
Date Text
1978
Date Issued (EDTF)
1978
Extension
FAU
FAU
admin_unit="FAU01", ingest_id="ing1508", creator="staff:fcllz", creation_date="2007-07-19 01:49:41", modified_by="staff:fcllz", modification_date="2011-01-06 13:09:03"
IID
FADT13919
Issuance
monographic
Organizations
Attributed name: Florida Atlantic University
Attributed name: College of Business
Attributed name: Department of Economics
Person Preferred Name
MCINTIRE, RICHARD MICHAEL.
Graduate College
Physical Description
82 p.
application/pdf
Title Plain
AUTOMATIC STABILIZERS DURING STAGFLATION
Use and Reproduction
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Origin Information
1978
monographic
Boca Raton, Fla.
Florida Atlantic University
Physical Location
Florida Atlantic University Libraries
Place
Boca Raton, Fla.
Sub Location
Digital Library
Title
AUTOMATIC STABILIZERS DURING STAGFLATION
Other Title Info
AUTOMATIC STABILIZERS DURING STAGFLATION