Table 4 Estimated cumulative mutlipliers of tax components
From: The unemployment effects of fiscal policy: recent evidence from Greece
| Â | Tax burden | Direct taxes | Indirect taxes | ||||||
|---|---|---|---|---|---|---|---|---|---|
Horizon | ΣΔΥ/ ΣΔTXB | ΣΔu/ ΣΔTXB | ΣΔu/ΣΔTXB (2012) | ΣΔΥ/ ΣΔDT | ΣΔu/ ΣΔDT | ΣΔu/ΣΔDT (2012) | ΣΔΥ/ ΣΔINDT | ΣΔu/ ΣΔINDT | ΣΔu/ΣΔINDT (2012) |
Impact | -0.22 | 0.04 | 0.09 | -1.33 | 0.50 | 1.03 | -0.14 | 0.01 | 0.01 |
1st quarter | -0.60 | -0.08 | -0.16 | -1.54 | 0.47 | 0.97 | -0.30 | -0.08 | -0.16 |
1Â year | -2.49 | -0.32 | -0.67 | -1.46 | 0.33 | 0.69 | -0.69 | -0.26 | -0.53 |
2Â years | -2.95 | -0.40 | -0.83 | -1.34 | 0.16 | 0.34 | -0.69 | -0.31 | -0.64 |