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Tékhne - Revista de Estudos Politécnicos
Print version ISSN 1645-9911
Abstract
CASTRO, Conceição. Experiências supply-siders na UE15: a redução de impostos como política de melhoria da posição orçamental intertemporal. Tékhne [online]. 2007, n.8, pp.113-138. ISSN 1645-9911.
Laffers curve proclaims that from certain income tax levels, their reduction may raise tax revenues. Knowing the most recent developments of the economic growth theory, that predict that the fiscal policy has permanent long term effects on the economic growth the previous argument may be seen in a dynamic context: the fiscal policy permanently affects the long term economic growth, changing the future fiscal bases, consequently improving the long term budget position. The present work aims the verification of the dynamic Laffers effect validation to EU15 members and, consequently, if fiscal policy can be managed to substitute indebtedness for tax reductions.
Keywords : Laffer curve; Fiscal policy.