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- W3121683601 abstract "This article studies the equivalence between labor and consumption taxes in a stochastic context, where the government can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two-period model we have shown that such taxes let consumers make the same decisions and can finance the same amount of government spending in each period." @default.
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- W3121683601 date "2009-01-01" @default.
- W3121683601 modified "2023-09-27" @default.
- W3121683601 title "On the equivalence between labor and consumption taxation" @default.
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