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Time-consistent redistribution
Krusell, Per - In: European economic review : EER 46 (2002) 4/5, pp. 755-769
Persistent link: https://www.econbiz.de/10001668779
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Investment subsidies and redistributive capital income taxation in a neoclassical growth model
Rehme, Günther - In: Bulletin of economic research 75 (2023) 4, pp. 988-1012
Persistent link: https://www.econbiz.de/10014435623
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Time-consistent optimal fiscal policy over the business cycle
Feng, Zhigang - In: Quantitative economics : QE ; journal of the … 6 (2015) 1, pp. 189-221
Persistent link: https://www.econbiz.de/10011317315
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An evaluation of constitutional constraints on capital taxation
Domínguez, Begoña; Feng, Zhigang - In: Macroeconomic dynamics 21 (2017) 7, pp. 1519-1544
Persistent link: https://www.econbiz.de/10011805925
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Time-consistent optimal fiscal policy over the business cycle
Feng, Zhigang - In: Quantitative economics : QE ; journal of the … 6 (2015) 1, pp. 189-221
This paper examines a dynamic stochastic economy with a benevolent government that cannot commit to its future policies. I consider equilibria that are time-consistent and allow for history-dependent strategies. A new numerical algorithm is developed to solve for the set of equilibrium payoffs....
Persistent link: https://www.econbiz.de/10011757665
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Debt and deficit fluctuations in a time-consistent setup
Grechyna, Daryna - In: Macroeconomic dynamics 20 (2016) 7, pp. 1771-1794
Persistent link: https://www.econbiz.de/10011623522
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Optimal fiscal policy without commitment: revisiting Lucas-Stokey
Debortoli, Davide; Nunes, Ricardo; Yared, Pierre - 2020 - This version: January 2020
Persistent link: https://www.econbiz.de/10012207301
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Optimal fiscal policy without commitment : revisiting Lucas-Stokey
Debortoli, Davide; Nunes, Ricardo; Yared, Pierre - 2020 - Updated version
Persistent link: https://www.econbiz.de/10012176153
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Redistribution and insurance with simple tax instruments ; presented at CESifo Area Conference on Public Sector Economics, April 2015
Findeisen, Sebastian; Sachs, Dominik - 2015
provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …
Persistent link: https://www.econbiz.de/10011280819
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Redistribution and insurance with simple tax instruments
Findeisen, Sebastian; Sachs, Dominik - 2015
provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …
Persistent link: https://www.econbiz.de/10011283108