Domeij and Klein (2005) have shown that the welfare gains of an optimal capital and labor income tax reform decline the … welfare costs of pre-announcement. Further, the baseline optimal pre-announced reform displays short-run confiscation and …/or subsidy of capital and labor income. As a further contribution, I show that these short-run properties are not important for …

disinflations are contractionary and iii) inflation accelerates with vigorous economic activity. We develop a fully-fledged DSGE …

are contractionary and iii) inflation accelerates with vigorous economic activity. I use a fully-fledged DSGE model with … in my DSGE model in delivering the conventional view. …

are contractionary and iii) inflation accelerates with vigorous economic activity. I use a fully-fledged DSGE model with … in my DSGE model in delivering the conventional view. …

disinflations are contractionary and iii) inflation accelerates with vigorous economic activity. We develop a fully-fledged DSGE …

are contractionary and iii) inflation accelerates with vigorous economic activity. I use a fully-fledged DSGE model with … in my DSGE model in delivering the conventional view. …

are contractionary and iii) inflation accelerates with vigorous economic activity. I use a fully-fledged DSGE model with … in my DSGE model in delivering the conventional view. …

disinflations are contractionary and iii) inflation accelerates with vigorous economic activity. We develop a fully-fledged DSGE …