The Short-Term Effects of Tax Changes

Abstract

This note is a sequel to an earlier article by W. A. B. Hopkin and W. A. H. Godley which set out a method of estimating how the main aggregates in the national accounts will be affected over a period of 18 months or two years by changes in taxation. More recent experience and additional research into methods of short-term economic forecasting have led to further developments in the same field.