.png){kind=icon}
返回
Time-consistent consumption taxation
.png){kind=icon}
OA
AI
DOI：10.1016/j.jmoneco.2019.03.005.png)
.png){kind=icon}
.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
We characterise optimal tax policies when the government has access to consumption taxation and cannot credibly commit to future policies. We consider a neoclassical economy where factor income taxation is distortionary within the period, due to endogenous labour and capital utilisation and non-tax-deductibility of depreciation. Contrary to the case where only labour and capital income are taxed, the optimal time-consistent policies with consumption taxation are remarkably similar to their Ramsey counterparts. The welfare gains from commitment are negligible, while they are substantial without consumption taxation. Further, the welfare gains from taxing consumption are much higher without commitment. (c) 2019 Elsevier B.V. All rights reserved.
Keyword:
Fiscal policy
Markov-perfect policies
Consumption taxation
Variable capital utilisation
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
4.1
论文数:
3.2K
被引数:
1.1W
机构
引用论文
.png){kind=icon}
分享收藏
分享收藏
查看更多内容