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- W3125197364 abstract "We examine the transitional dynamics of Lucas' supply side model of the US economy in order to specify the effects of capital taxation on economic growth and welfare. We restrict the analysis to policy plans characterized by constant capital taxes and require the government to maintain a balanced budget. Under these restrictions, the optimal tax rate on capital is shown to be positive and sensitive to the government expenditure rule. Welfare can be further increased by the introduction of a tax on asset holdings." @default.
- W3125197364 created "2021-02-01" @default.
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- W3125197364 date "2001-01-22" @default.
- W3125197364 modified "2023-09-23" @default.
- W3125197364 title "Optimal Flat-Rate Taxes on Capital a Re-Examination of Lucas' Supply Side Model" @default.
- W3125197364 hasPublicationYear "2001" @default.
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