Positive Long Run Capital Taxation: Chamley-Judd Revisited
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https://www.nber.org/papers/w20441
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资源简介：
According to the Chamley-Judd result, capital should not be taxed in the long run. In this paper, we overturn this conclusion, showing that it does not follow from the very models used to derive them. For the model in Judd (1985), we prove that the long run tax on capital is positive and significant
提供机构：
美国国家经济研究局
创建时间：
2014-08-01
