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- W3123880419 abstract "It has been shown that progressive income taxes may lead to saddle-point convergence when the marginal tax rate is assumed to be a continuously increasing function of income. This note shows that linearly progressive taxes may also immunize the economy against indeterminacy and sunspot equilibria. Therefore, our analysis suggests that exemption thresholds, as featured by prevailing tax codes, may help to stabilize the economy." @default.
- W3123880419 created "2021-02-01" @default.
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- W3123880419 date "2007-01-01" @default.
- W3123880419 modified "2023-09-27" @default.
- W3123880419 title "Linearly Progressive Income Taxes and Stabilization" @default.
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