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Optimal Monetary Policy with Redistribution
La'O, Jennifer; Morrison, Wendy A. - National Bureau of Economic Research - 2024
sufficient statistic for labor income inequality. In a calibrated version of the model, countercyclical earnings inequality …
Persistent link: https://www.econbiz.de/10015072863
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Is Broader Always Better? Preexisting Distortions, Emissions Elasticities, and the Scope of Emissions Pricing
Goulder, Lawrence H.; Hafstead, Marc A. C.; Williams, … - National Bureau of Economic Research - 2024
Economists often regard broad-based carbon pricing (whether in the form of a carbon tax or cap and trade) as the most efficient policy to reduce carbon dioxide emissions. Relative to a narrower policy that exempts some emissions sources, a broader policy is often favored because it can exploit...
Persistent link: https://www.econbiz.de/10015072857
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Whose Preferences Matter for Redistribution : Cross-country Evidence
Maréchal, Michel André; Cohn, Alain; Yusof, Jeffrey; … - National Bureau of Economic Research - 2023
redistribution among citizens from different socioeconomic backgrounds and the actual extent of government redistribution. Our focus … on redistribution arises from the inherent class conflicts it engenders in policy choices, allowing us to examine whose … realized redistribution. This finding contradicts the expectations of both leading experts and regular citizens …
Persistent link: https://www.econbiz.de/10014447295
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Optimal Income Taxation
Kaplow, Louis - National Bureau of Economic Research - 2022
importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the …
Persistent link: https://www.econbiz.de/10013334417
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The Cost of Curbing Externalities with Market Power : Alcohol Regulations and Tax Alternatives
Conlon, Christopher; Rao, Nirupama L. - National Bureau of Economic Research - 2023
Products with negative externalities are often subject to regulations that limit competition. The single-product case may suggest that it is irrelevant for aggregate welfare whether output is restricted via corrective taxes or limiting competition. However, when products are differentiated...
Persistent link: https://www.econbiz.de/10013537788
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Regulating Untaxable Externalities : Are Vehicle Air Pollution Standards Effective and Efficient?
Jacobsen, Mark R.; Sallee, James M.; Shapiro, Joseph S.; … - National Bureau of Economic Research - 2022
, though both reforms have complex effects on inequality …
Persistent link: https://www.econbiz.de/10013477194
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Taxing Externalities : Revenue vs. Welfare Gains with an Application to U.S. Carbon Taxes
Kotchen, Matthew J. - National Bureau of Economic Research - 2022
This paper asserts that reporting of the ratio of welfare gains to tax revenue should be standard protocol in economic analyses of externality correcting taxes. That this comparison might matter is somewhat of a "blind spot" in most economic analyses, for it plays virtually no role when...
Persistent link: https://www.econbiz.de/10013361976
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Inefficient Automation
Beraja, Martin; Zorzi, Nathan - National Bureau of Economic Research - 2022
it has no preference for redistribution. Using a quantitative version of our model, we find that the optimal speed of …
Persistent link: https://www.econbiz.de/10013334373
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Fiscal Federalism and the Role of the Income Tax
Gordon, Roger H. - National Bureau of Economic Research - 2023
This paper rethinks the design of the income tax by assuming that the objective of the tax is not to redistribute from rich to poor but instead to provide some insurance to individuals against the uncertainties they face in their future earnings, a motivation for the tax proposed in Buchanan...
Persistent link: https://www.econbiz.de/10014421180
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Inclusion and Democratization Through Web3 and DeFi?$bInitial Evidence from the Ethereum Ecosystem
Cong, Lin William; Tang, Ke; Wang, Yanxin; Zhao, Xi - National Bureau of Economic Research - 2023
) and airdrop programs (e.g., OmiseGo Airdrop) facilitate inclusion through token monetary redistribution …
Persistent link: https://www.econbiz.de/10014226146