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- W3125641025 abstract "This paper provides some evidence against the rational expectations-permanent income model of consumption behaviour and the Ricardian Equivalence proposition by testing the responsiveness of spending to the implementation of pre-announced changes in income tax. Extending the work of Summer (1991), a long series of recurrent episodes of this kind is for the U.K (1960-1990) is examined. It is found that consumption expenditure strongly reacts to (pre-announced) fiscally-induced changes in current disposable income. This effect is due to the semi-durable and durable components of spending." @default.
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- W3125641025 date "1993-03-01" @default.
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- W3125641025 title "Do Anticipated Tax Changes Matter? Further Evidence from the United Kingdom" @default.
- W3125641025 hasPublicationYear "1993" @default.
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