Income taxes and stability and stimulation functions of public policy
Income taxes and stability and stimulation functions of public policy

Summary/Abstract: The stabilisation function of the state's finances encompasses measures aimed, inter alia, at achieving and maintaining a relatively high rate of economic growth, while limiting negative phenomena, i.e. high unemployment and inflation rates, mitigating business cycle fluctuations, stabilising the money market and making the most effective use of tangible factors of production. The role of the state in the economy and its influence on the behaviour of groups of economic units has undergone dynamic changes over the centuries, both with regard to the forms and scope of influence and the degree of interference of public authorities in the market mechanism.

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