The level and composition of public expenditures and revenues both have implications for economic development, as shown … distribution-friendly expenditures in a crisis. …

We characterise optimal tax policies when the government has access to consumption taxation and cannot credibly commit … to future policies. We consider a neoclassical economy where factor income taxation is distortionary within the period … only labour and capital income are taxed, the optimal time-consistent policies with consumption taxation are remarkably …