Using adata fundamentalist approach,ʺ this study revisits the long debate about Chinas growth performance by seriously tackling the existing data problems that have been the major obstacles to a proper assessment of Chinas growth performance. First, this study examines and adjusts the serious...

This paper investigates the effects of taxation on the distributions of income and wealth and on the welfare of heterogeneous households. I first demonstrate that the tails of income and wealth distributions converge to a Pareto distribution in a Bewley model in which households bear...