Chen, Xiaoshan; Leith, Campbell B.; Ricci, Mattia - 2023
We develop a Fiscal Frontier which traces out the maximum government debt level that can be sustained at a given … Congressional Budget Office. Conventional Laffer curve calculations significantly under-estimate the sustainable debt of the US. The … desirable pace of capital tax abolition has slowed since the 1970s, but the reform remains close to the Frontier. Achieving debt …