Taxes, Debts, and Redistributions with Aggregate Shocks
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A planner sets a lump sum transfer and a linear tax on labor income in an economy with incomplete markets, heterogeneous agents, and aggregate shocks. The planner's concerns about redistribution impart a welfare cost to fluctuating transfers. The distribution of net asset holdings across agents
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美国国家经济研究局创建时间：
2013-09-01
