knowledge trans- mission. Fiscal policy affects growth in two respects: .rst, work time reacts to variations of prospective tax … capital through increased savings. It is shown that Ramsey-optimal policies reduce savings due to high tax rates on young … higher with respect to a private system, and there generally exists a continuum of non-optimal tax rates under which long …

We study theoretically and numerically the effects of an environmental tax reform using endogenous growth theory. In … and energy in manufacturing lower than unity allow for a growth dividend, even if we consider preexisting tax distortions … carbon policy is a possible outcome. Lump-sum redistribution performs best in terms of effciency measured by aggregate …