We examine the optimal taxation of capital in a Ramsey setting of a general-equilibrium heterogeneous-agent economy with uninsurable idiosyncratic investment or capital-income risk. We fully characterize the optimal tax in the case where there is no safe income in the economy. When the interest...

This paper considers a Ramsey model of linear capital and labor income taxation in which a benevolent government cannot commit ex-ante to a sequence of taxes for the future. In this setup, if the government is allowed to borrow and lend to the consumers, the optimal capital income tax is zero in...

This White Paper presents a series of policy recommendations based on the results of the numerous stakeholder engagement and participatory activities forming part of the RE-ACT process and framework for regional collaboration. This was promoted during 2020-2022 within the Erasmus+ Forward...

This thesis studies the optimal income tax scheme in four different settings. Chapter 1 focuses on the implications of lack of commitment for the optimal labor and capital income tax rates. It finds that it is optimal to converge to zero capital income taxes and positive labor income taxes in...

We examine the optimal taxation of capital in a general-equilibrium heterogeneous-agent economy with uninsurable idiosyncratic investment or capital income risk. We demonstrate analytically that the ex ante optimal tax, evaluated in the long run, maximizes human wealth, namely the present...

We examine the optimal taxation of capital in a Ramsey setting of a general-equilibrium heterogeneous-agent economy with uninsurable idiosyncratic investment or capital-income risk. We prove that the ex ante optimal tax, evaluated at steady state, maximizes human wealth, namely the present...