On the Optimal Taxation of Capital Income
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One of the best known results in modern public finance is the Chamley-Judd result showing that the optimal tax rate on capital income is zero in the long-run. In this paper, we reexamine this result by analyzing a series of generalizations of the Chamley-Judd formulation. We show that in a model
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美国国家经济研究局创建时间:
1993-11-01



