Challenging Lucas: From Overlapping Generations to Infinite-Lived Agent Models
نویسندگان
چکیده
منابع مشابه
Optimal Taxation in Infinitely-Lived Agent and Overlapping Generations Models: A Review
T he literature concerned with dynamic fiscal policy has evolved in two main directions over the last 20 years or so. On the one hand, there is a large literature on optimal taxation. In the context of a standard neoclassical growth model with infinitely-lived individuals, Chamley (1986) and Judd (1985) establish that an optimal income-tax policy entails taxing capital at confiscatory rates in ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2017
ISSN: 1556-5068
DOI: 10.2139/ssrn.2910531