settings in many countries are projected to lead to unsustainable levels of public debt; Tax Policy and Uncertainty explores … models that allow for feedbacks and uncertainty to combat this. Applicable to any country, the models in the book explore the … focusing on fiscal policy will appreciate the improved models in this book that allow both for uncertainty and feedback effects …

suggests the use of tax-smoothing in the face of future cost increases, is modified by uncertainty regarding the future. The … role of uncertainty and risk aversion are examined using several highly simplified models involving a possible future …