Alternative Perspectives on Optimal Public Debt Adjustment
نویسندگان
چکیده
منابع مشابه
Public debt and optimal taxes without commitment
Benhabib and Rustichini [Optimal taxes without commitment, J. Econ. Theory 77 (1997) 231–259] study the properties of optimal capital taxes in economies without commitment and no government debt. They find that capital taxes may be different from zero at steady state. This note shows that, once governments have the possibility of issuing debt and smoothing taxes over time, optimal steady state ...
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ژورنال
عنوان ژورنال: The B.E. Journal of Macroeconomics
سال: 2011
ISSN: 1935-1690
DOI: 10.2202/1935-1690.2256