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Jones, Garett, “Which Hurts More in the Long Run, Tax Hikes or Spending Cuts?” Econlog, November 14, 2012, http://econlog.econlib.org/archives/2012/11/which_hurts_mor.html (accessed October 17, 2013). Theoretical, statistical and practical aspects of new behavioural price equations are discussed in a model context. If that is the case, the high VAT and “social contributions” in Europe act as a sort of automatic destabilizer, and revenue rates should reverse when economic growth resumes.
Publisher: Wiley; 1 edition (August 16, 1999)
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