Cuñat, Alejandro; Deák, Szabolcs; Maffezzoli, Marco - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2010
A reduction in capital tax rates generates substantial dynamic responses within the framework of the standard neoclassical growth model. The short-run revenue loss after a tax cut is partly — or, depending on parameter values, even completely — offset by growth in the long-run, due to the...
