Abstract
This note investigates several factors that influence the short-run and long-run effects of supply-side shocks on aggregate income and tax revenues—specifically, how changes in the price-level elasticities of the aggregate demand, short-run aggregate supply relationships, and changes in the magnitude of the shocks alter the macroeconomic effects of the shocks.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
