This paper asks whether tax cycles can represent the optimal policy in a model without any extrinsic uncertainty. I … expenditures are, the larger the class of preferences forwhich cycles are optimal becomes. Tax cycles are also more likely to be … two tax rates are needed to implement the Ramsey policy both in the Lucas-Stokey economy and in the model with frictions. …

with uncertain cash flows under differential tax rates for ordinary income and capital gains. We investigate whether …. Moreover, we show that taxing capital gains may induce a tax paradox for delayed investment. Depending on the pre-tax parameter … setting the future value of delayed investment may even increase in absolute terms for increasing capital gains tax rates. For …

und derselben Münze. Oder vorstellbar wie das Yin-Yang Prinzip der chinesischen Philosophie des Daoismus, bei dem Yin …

Anlehnung an die Hegelsche Philosophie, Konturen für ein konsistentes Gesamtbild von Ökonomie und Naturwissenschaft. Dessen …