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Macroeconomic Reconciliation? (on the book by I. Ananiashvili and V. Papava “Laffer-keynesian Synthesis and Macroeconomic Equilibrium”)

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  • N. Makasheva

Abstract

The authors of the book reviewed here suggest the model of the macroeconomic equilibrium that unifies Keynesian and Laffer’s approaches to analyzing the effects of taxation on the output and tax revenues. The authors demonstrated the limitations of the simple Laffer model and developed a more realistic extension of this model that captures the influence of taxes on economic growth and provided estimates for various countries.

Suggested Citation

  • N. Makasheva, 2015. "Macroeconomic Reconciliation? (on the book by I. Ananiashvili and V. Papava “Laffer-keynesian Synthesis and Macroeconomic Equilibrium”)," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 3.
    • Handle: RePEc:nos:voprec:y:2015:id:65
    DOI: 10.32609/0042-8736-2015-3-151-159
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