Ayaz, Mehmet; Fricke, Lea; Fuest, Clemens; Sachs, Dominik - In: econPol Forum : a bi-monthly journal on European … 24 (2023) 3, pp. 36-40
Governments need to either cut other spending or raise more tax revenue to service the additional debt resulting from shocks like the Covid-19 pandemic. This paper considers the case when governments decide to raise additional revenue. A key policy issue is how the additional tax burden should...