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Meaning of "Laffer curve" in the English dictionary

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DICTIONARY
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ETYMOLOGY OF THE WORD LAFFER CURVE

Named after Arthur Laffer (born 1940), US economist.
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Etymology is the study of the origin of words and their changes in structure and significance.
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PRONUNCIATION OF LAFFER CURVE

Laffer curve  [ˈlæfə] play
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GRAMMATICAL CATEGORY OF LAFFER CURVE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Laffer curve is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES LAFFER CURVE MEAN IN ENGLISH?

Laffer curve

Laffer curve

In economics, the Khaldun-Laffer curve is a representation of the relationship between possible rates of taxation and the resulting levels of government revenue. It illustrates the concept of taxable income elasticity—i.e., taxable income will change in response to changes in the rate of taxation. It postulates that no tax revenue will be raised at the extreme tax rates of 0% and 100% and that there must be at least one rate where tax revenue would be a non-zero maximum. The Laffer curve is typically represented as a graph which starts at 0% tax with zero revenue, rises to a maximum rate of revenue at an intermediate rate of taxation, and then falls again to zero revenue at a 100% tax rate. The actual existence and shape of the curve is uncertain and disputed. One potential result of the Laffer curve is that increasing tax rates beyond a certain point will be counter-productive for raising further tax revenue. A hypothetical Laffer curve for any given economy can only be estimated and such estimates are controversial.

Definition of Laffer curve in the English dictionary

The definition of Laffer curve in the dictionary is a curve on a graph showing government tax revenue plotted against percentage tax rates. It has been used to show that a cut in a high tax rate can increase government revenue.

WORDS THAT RHYME WITH LAFFER CURVE


chaffer
ˈtʃæfə
flaffer
ˈflæfə
gaffer
ˈɡæfə
jafa
ˈdʒæfə
Jaffa
ˈdʒæfə
Kaffir
ˈkæfə
Kafir
ˈkæfə
piaffer
pɪˈæfə
sclaffer
ˈsklæfə
Shaffer
ˈʃæfə
Staffa
ˈstæfə
zaffer
ˈzæfə
zaffre
ˈzæfə

WORDS THAT BEGIN LIKE LAFFER CURVE

Ladysmith
laeotropic
Laertes
Laetare Sunday
laetrile
laevogyrate
laevorotary
laevorotation
laevorotatory
laevulin
laevulose
Lafayette
Laforgue
LAFTA
lag
Lag b´Omer
lag correlation
lag screw
lagan
Lagarde

WORDS THAT END LIKE LAFFER CURVE

adoption curve
ahead of the curve
behind the curve
characteristic curve
curve
decurve
French curve
growth curve
hairpin curve
incurve
L-shaped curve
learning curve
lurve
normal curve
outcurve
Phillips curve
recurve
RIAA curve
sine curve
upcurve
V-shaped curve

Synonyms and antonyms of Laffer curve in the English dictionary of synonyms

SYNONYMS

Translation of «Laffer curve» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF LAFFER CURVE

Find out the translation of Laffer curve to 25 languages with our English multilingual translator.
The translations of Laffer curve from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «Laffer curve» in English.

Translator English - Chinese

拉弗曲线
1,325 millions of speakers

Translator English - Spanish

curva de Laffer
570 millions of speakers

English

Laffer curve
510 millions of speakers

Translator English - Hindi

Laffer वक्र
380 millions of speakers
ar

Translator English - Arabic

منحنى لافر
280 millions of speakers

Translator English - Russian

кривая Лаффера
278 millions of speakers

Translator English - Portuguese

curva de Laffer
270 millions of speakers

Translator English - Bengali

লেফার বক্ররেখা
260 millions of speakers

Translator English - French

courbe de Laffer
220 millions of speakers

Translator English - Malay

Keluk Laffer
190 millions of speakers

Translator English - German

Laffer-Kurve
180 millions of speakers

Translator English - Japanese

ラッファー曲線
130 millions of speakers

Translator English - Korean

래퍼 곡선
85 millions of speakers

Translator English - Javanese

Deleng kurva
85 millions of speakers
vi

Translator English - Vietnamese

Laffer đường cong
80 millions of speakers

Translator English - Tamil

லாஃபர் வளைவு
75 millions of speakers

Translator English - Marathi

लाफर वक्र
75 millions of speakers

Translator English - Turkish

Laffer eğrisi
70 millions of speakers

Translator English - Italian

curva di Laffer
65 millions of speakers

Translator English - Polish

krzywa Laffera
50 millions of speakers

Translator English - Ukrainian

крива Лаффера
40 millions of speakers

Translator English - Romanian

curba Laffer
30 millions of speakers
el

Translator English - Greek

καμπύλη Laffer
15 millions of speakers
af

Translator English - Afrikaans

Lafferkurwe
14 millions of speakers
sv

Translator English - Swedish

Laffer kurva
10 millions of speakers
no

Translator English - Norwegian

Laffer -kurven
5 millions of speakers

Trends of use of Laffer curve

TRENDS

TENDENCIES OF USE OF THE TERM «LAFFER CURVE»

The term «Laffer curve» is normally little used and occupies the 129.463 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
40
/100
The map shown above gives the frequency of use of the term «Laffer curve» in the different countries.
Principal search tendencies and common uses of Laffer curve
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «Laffer curve».

FREQUENCY OF USE OF THE TERM «LAFFER CURVE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «Laffer curve» during the past 500 years. Its implementation is based on analysing how often the term «Laffer curve» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about Laffer curve

EXAMPLES

10 ENGLISH BOOKS RELATING TO «LAFFER CURVE»

Discover the use of Laffer curve in the following bibliographical selection. Books relating to Laffer curve and brief extracts from same to provide context of its use in English literature.
1
Tax Rate Cuts and Tax Compliance--The Laffer Curve Revisited ...
The paper shows how tax rate cuts can increase revenues by improving tax compliance.
Tamás K. Papp, Elöd Takáts, 2008
2
Survey of Economics
This fiscal policy prescription gained prominence after supply-side economist Arthur Laffer, using his pen to draw on a paper napkin, explained what has come to be known as the Laffer curve to a Wall Street Journal journalist at a restaurant in ...
Irvin Tucker, 2010
3
Economics: Private and Public Choice
The curve illustrating the relationship between tax rates and tax revenues is called the Laffer curve. Exhibit 9 illustrates the concept of the Laffer curve as it applies to income taxes. Obviously, tax revenue would be zero if the income tax rate ...
James Gwartney, Richard Stroup, Russell Sobel, 2014
4
Economics
The E X H I B I T 7 curve came to be known as the Laffer curve. Laffer's objective was The Laffer Curve When the tax rate is either 0 A to 5: Tax rate or 100 percent, tax revenues are zero. Starting from a to explain the possible relationships ...
Roger A. Arnold, 2013
5
Money Demand and Seigniorage-maximizing Inflation
Under the Cagan form, Laffer-curve maxima vary widely (between 42% and infinite rates of inflation); in fact, there is no Laffer curve in 3 of the 5 equations. Under our non-linear specification, however, there is always a Laffer-curve maximum ...
William Russell Easterly, Paolo Mauro, Klaus Schmidt-Hebbel, 1992
6
Famous Figures and Diagrams in Economics
and in terms of ersatz economics, the Laffer curve reigns supreme. This itself is of interest, as is Varian's (1989) complaint about the 'sordid history of the use of the Laffer curve in public policy debates in the US'; however, primarily research ...
Mark Blaug, P. J. Lloyd, 2010
7
Public Finance and Public Policy: Responsibilities and ...
aggregate Laffer curve would reveal the tax rate that maximizes total revenue from the tax on labor. Individuals, however, have their own personal labor-supply functions and labor-supply elasticities. Values of the tax rate that drive individuals  ...
Arye L. Hillman, 2009
8
Economics for Today
This fiscal policy prescription gained prominence after supply-side economist Arthur Laffer, using his pen to draw on a paper napkin, explained what has come to be known as the Laffer curve to a Wall Street Journal journalist at a restaurant in ...
Irvin Tucker, 2010
9
Quantifying Impact of Aging Population on Fiscal Space
through decreased labor supply and production, the distance to peak of Laffer curve is more appropriately measured to access the impact of the aging trend on the fiscal space. Figure 3 shows the seven countries' labor tax Laffer curves in the  ...
Mr. Seok Gil Park, 2012
10
CoreMacroeconomics
The Laffer Curve Economist Arthur Laffer first drew the curve in the photo below for a member of Congress to illustrate how reducing tax rates could increase tax revenues. The curve plots hypothetical tax revenues at various income tax rates ...
Gerald Stone, 2010

10 NEWS ITEMS WHICH INCLUDE THE TERM «LAFFER CURVE»

Find out what the national and international press are talking about and how the term Laffer curve is used in the context of the following news items.
1
Walker's message: security, lower taxes - Omaha.com: News
He talked about implementing his own version of Reagan's Laffer curve, what Walker is calling the “Kohl's curve.” “Kohl's makes money off ... «Omaha World-Herald, Jul 15»
2
The Curse of the Euro: Money Corrupted, Democracy Busted
To some considerable degree this Europeanized form of the Laffer Curve was the subtext during last weekend's Gong Show of political bullies, ... «Newsmax, Jul 15»
3
Clinton: Jeb Bush 'must not have met many American workers' – live
Walker drops mention of the Laffer curve, arguing that lower taxes and a broader tax base would fund the government more effectively that ... «The Guardian, Jul 15»
4
Complete text of Scott Walker's presidential campaign announcement
Back then, it was called the Laffer Curve. Today, I call it the Kohl's Curve because I believe that you can spend your own money far better than ... «WBAY, Jul 15»
5
Smithsonian Studies the Business of America
... his famous Laffer curve in 1974. In addition to showing how business has changed over the years, the exhibit highlights the country's shifting ... «Wall Street Journal, Jul 15»
6
Local governments worry whether 'Laffer Curve' applies to sales …
It was an interesting experience Tuesday night covering the Lawrence City Commission, seeing firsthand how the politics and policies of state ... «Lawrence Journal World, Jul 15»
7
Road plan is a cynical insult to intelligence
... being swelled by future economic growth, in what looks like a bizarre homage to the long-discredited Laffer curve fantasy of the early 1980s. «Michigan Radio, Jul 15»
8
Begrudging respect for Waynesboro City Council: They're doing one …
Lucente's approach is simple: keep taxes low to stimulate business, harkening back to the push in the Ronald Reagan '80s, the Laffer curve ... «Augusta Free Press, Jul 15»
9
Let's cut taxes for people at the top and the bottom
And there are plenty of people who do believe – as I do – in the Laffer curve: the idea that a cut in the taxation rate may stimulate enterprise, ... «Telegraph.co.uk, Jul 15»
10
The 8 worst economic proposals GOP candidates are considering
Just Suspend All Taxes: Art Laffer is most known for his “Laffer Curve” idea, where he proposed that cutting taxes creates so much growth it will ... «Salon, Jul 15»

REFERENCE
« EDUCALINGO. Laffer curve [online]. Available <https://educalingo.com/en/dic-en/laffer-curve>. May 2024 ».
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