of tax-subsidy instruments consisting of taxes on corporate income and on the capital incomes of both residents and …

either imports or exports capital, but does not do both. This paper considers the situation in which a small country both … exports and imports capital and can alter its tax on one or the other, but not both. In each case, a 'seesaw' relationship is … identified, in which the optimal tax on the income from capital exports (imports) is inversely related to the given tax rate on …

The evidence on international capital immobility is extensive, ranging from the correlations between domestic savings … international portfolio diversification. To what degree does capital immobility modify past results forecasting that small open …

capital income is zero in the long-run. In this paper, we reexamine this result by analyzing a series of generalizations of … the Chamley-Judd formulation. We show that in a model with human capital, if the tax code is sufficiently rich and there … are no pure profits from accumulating human capital, then all distorting taxes are zero in the long-run under the optimal …

capital income taxes, this conclusion is quite a surprise. In the large open economy, the optimal tax rate on foreign … higher elasticity of international capital flows is associated with a lower tax rate, as expected, butthe rate remains above …

We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households … optimal aggregate saving rate is independent of income risk. The optimal time-invariant tax on capital is increasing in income …

This paper analyzes the theoretical and quantitative implications of optimal capital taxation in the neoclassical … proportional taxes on labor and capital. I first consider the case that the only asset the government can trade is a real risk …-free bond. Taxes on capital are set one period in advance, reflecting inertia in tax codes and ruling out replication of the …