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Capital Taxation and Ownership when Markets are Incomplete

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NBER2007-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13390
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This paper analyzes the theoretical and quantitative implications of optimal capital taxation in the neoclassical growth model with aggregate shocks and incomplete markets. The model features a representative-agent economy with proportional taxes on labor and capital. I first consider the case that
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2007-09-01
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