Add to ORKGBenhabib and Rustichini [Optimal taxes without commitment, J. Econ. Theory 77 (1997) 231–259] study the properties of optimal capital taxes in economies without commitment and no government debt. They find that capital taxes may be different from zero at steady state. This note shows that, once governments have the possibility of issuing debt and smoothing taxes over time, optimal steady state capital taxes turn out to be zero
We extend the celebrated Chamley-Judd result of zero capital income tax and show that the steady sta...
We extend the celebrated Chamley-Judd result of zero capital income tax and show that the steady sta...
This dissertation consists of three essays that study optimal design of government policies in econo...
This paper considers a Ramsey model of linear capital and labor income taxation in which a benevolen...
This paper examines dynamic optimal income taxation problem in a two-sector neoclassical model where...
We consider an economy where individuals face uninsurable risks to their human capital accumulation ...
In models with a representative infinitely lived household, modern versions of tax smoothing imply t...
In models with a representative infinitely lived household, modern versions of tax smoothing imply t...
We study the dynamic Ramsey problem of finding optimal public debt and linear taxes on capital and l...
1 This paper addresses conflicting results regarding the optimal taxation of capital income. Judd [1...
One of the best known results in modern public finance is the Chamley-Judd result showing that the o...
We extend the celebrated Chamley-Judd result of zero capital income tax and show that the steady sta...
We consider an economy where individuals face uninsurable risks to their human capital accumulation,...
We consider an economy where individuals face uninsurable risks to their human capital accumulation...
We study optimal capital taxation under limited commitment. We prove that the optimal tax rate on ca...
We extend the celebrated Chamley-Judd result of zero capital income tax and show that the steady sta...
We extend the celebrated Chamley-Judd result of zero capital income tax and show that the steady sta...
This dissertation consists of three essays that study optimal design of government policies in econo...
This paper considers a Ramsey model of linear capital and labor income taxation in which a benevolen...
This paper examines dynamic optimal income taxation problem in a two-sector neoclassical model where...
We consider an economy where individuals face uninsurable risks to their human capital accumulation ...
In models with a representative infinitely lived household, modern versions of tax smoothing imply t...
In models with a representative infinitely lived household, modern versions of tax smoothing imply t...
We study the dynamic Ramsey problem of finding optimal public debt and linear taxes on capital and l...
1 This paper addresses conflicting results regarding the optimal taxation of capital income. Judd [1...
One of the best known results in modern public finance is the Chamley-Judd result showing that the o...
We extend the celebrated Chamley-Judd result of zero capital income tax and show that the steady sta...
We consider an economy where individuals face uninsurable risks to their human capital accumulation,...
We consider an economy where individuals face uninsurable risks to their human capital accumulation...
We study optimal capital taxation under limited commitment. We prove that the optimal tax rate on ca...
We extend the celebrated Chamley-Judd result of zero capital income tax and show that the steady sta...
We extend the celebrated Chamley-Judd result of zero capital income tax and show that the steady sta...
This dissertation consists of three essays that study optimal design of government policies in econo...