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This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be reformed ex post if a large enough coalition of citizens supports reform; thus, sustainable policie...
Non-linear Capital Taxation Without Commitment
Capital taxation Political economy Progressivity Mirrlees
2014/9/10
We study efficient non-linear taxation of labour and capital in a dynamic Mirrleesian model incorporating political economy constraints. Policies are chosen sequentially over time, without commitment....
Capital Taxation: Quantitative Explorations of the Inverse Euler Equation
Quantitative Explorations Inverse Euler Equation
2014/9/10
Economies with private information provide a rationale for capital taxation. In this paper we ask what the welfare gains from following this prescription are. We develop a method to answer this questi...
Optimal Indirect and Capital Taxation。