Trabandt, Mathias; Uhlig, Harald - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2006
The goal of this paper is to examine the shape of the Laffer curve quantitativelyin a simple neoclassical growth model calibrated to the US as well as to the EU-15 economy. We show that the US and the EU-15 area are located on the left side of their labor and capital tax Laffer curves, but the...
