Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298331 
Year of Publication: 
2023
Series/Report no.: 
EERI Research Paper Series No. 02/2023
Publisher: 
Economics and Econometrics Research Institute (EERI), Brussels
Abstract: 
This paper analyses the quantitative welfare effects of the Thatcherism taxation programme reforms. Modern macroeconomic techniques are put into application to the important historical fiscal reforms. The Paper provides details of the Thatcherism taxation reform, the changes in taxation rates and brackets. Through a dynamic general equilibrium model, the paper provides counter-factual growth rates. A comparison between the factual and counter-factual growth rates is given. The paper finds that through both welfare measures, that welfare increased due to the Thatcherism taxation program. These results will provide use and benefit for; policymakers, those studying the Laffer-Curve, those with supply-side economic ideas or beliefs, and those studying the economic, political, and historical period under the Thatcher government.
Subjects: 
Thatcher government
tax reform
general equilibrium
endogenous growthmodel
compensatory variation
JEL: 
E32
Document Type: 
Working Paper

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