Croce, M. M.; Karantounias, A. G.; Raymond, Stephen; … - 2017
government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey …-smoothing incentives in economies with exogenous growth. The interplay of risk and innovation opens a new margin for optimal taxation. … problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …