Delayed Taxation and Macroeconomic Stability: A Dynamic IS–LM Model with Memory Effects
This study develops a dynamic IS-LM macroeconomic model that incorporates delayed taxation and a memory-dependent income effect, and calibrates it to quarterly data for Romania (2000–2023). Within this framework, fiscal policy lags are modelled using a “memory” income variable that weights past inco...
Αποθηκεύτηκε σε:
| Κύριοι συγγραφείς: | , , |
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| Μορφή: | Artigo |
| Γλώσσα: | Inglês |
| Έκδοση: |
MDPI AG
2025-07-01
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| Σειρά: | Economies |
| Θέματα: | |
| Διαθέσιμο Online: | https://www.mdpi.com/2227-7099/13/7/208 |
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