Time-Consistent Consumption Taxation
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Laczó, Sarolta & Rossi, Raffaele, 2020. "Time-consistent consumption taxation," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 194-220.
- Sarolta Laczo & Raffaele Rossi, 2018. "Time-Consistent Consumption Taxation," Working Papers 857, Queen Mary University of London, School of Economics and Finance.
- Sarolta Laczo & Raffaele Rossi, 2014. "Time-consistent consumption taxation," Working Papers 67495267, Lancaster University Management School, Economics Department.
- Laczo, Sarolta & Rossi, Raffaele, 2015. "Time-consistent consumption taxation," LSE Research Online Documents on Economics 86317, London School of Economics and Political Science, LSE Library.
References listed on IDEAS
- David Domeij & Martin Floden, 2006.
"The Labor-Supply Elasticity and Borrowing Constraints: Why Estimates are Biased,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(2), pages 242-262, April.
- Domeij, David & Floden, Martin, 2001. "The labor-supply elasticity and borrowing constraints: Why estimates are biased," SSE/EFI Working Paper Series in Economics and Finance 480, Stockholm School of Economics.
- David Domeij & Martin Floden, 2001. "Matlab code for The Labor-Supply Elasticity and Borrowing Constraints: Why Estimates are Biased," QM&RBC Codes 55, Quantitative Macroeconomics & Real Business Cycles.
- Emmanuel Farhi & Gita Gopinath & Oleg Itskhoki, 2014.
"Fiscal Devaluations,"
Review of Economic Studies, Oxford University Press, vol. 81(2), pages 725-760.
- Emmanuel Farhi & Gita Gopinath & Oleg Itskhoki, "undated". "Fiscal Devaluations," Working Paper 70976, Harvard University OpenScholar.
- Emmanuel Farhi & Gita Gopinath & Oleg Itskhoki, 2012. "Fiscal devaluations," Working Papers 12-10, Federal Reserve Bank of Boston.
- Farhi, Emmanuel & Gopinath, Gita & Itskhoki, Oleg, 2011. "Fiscal Devaluations," CEPR Discussion Papers 8721, C.E.P.R. Discussion Papers.
- Farhi, Emmanuel & Gopinath, Gita & Itskhoki, Oleg, 2014. "Fiscal Devaluations," Scholarly Articles 12336336, Harvard University Department of Economics.
- Farhi, Emmanuel & Gopinath, Gita & Itskhoki, Oleg, 2012. "Fiscal devaluations," Working Papers 290, Institute for Social and Economic Change, Bangalore.
- Emmanuel Farhi & Gita Gopinath & Oleg Itskhoki, 2011. "Fiscal Devaluations," NBER Working Papers 17662, National Bureau of Economic Research, Inc.
- Oleg Itskhoki & Gita Gopinath & Emmanuel Farhi, 2011. "Fiscal Devaluations," 2011 Meeting Papers 406, Society for Economic Dynamics.
- Greenwood, Jeremy & Hercowitz, Zvi & Krusell, Per, 2000.
"The role of investment-specific technological change in the business cycle,"
European Economic Review, Elsevier, vol. 44(1), pages 91-115, January.
- Greenwood, J. & Hercowitz, Z. & Krusell, P., 1998. "The Role of Investment-Specific Technological Change in the Business Cycle," RCER Working Papers 449, University of Rochester - Center for Economic Research (RCER).
- Giorgio Motta & Raffaele Rossi, 2019.
"Optimal Fiscal Policy with Consumption Taxation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(1), pages 139-161, February.
- Giorgio Motta & Raffaele Rossi, 2018. "Optimal Fiscal Policy with Consumption Taxation," Centre for Growth and Business Cycle Research Discussion Paper Series 239, Economics, The Univeristy of Manchester.
- Karen Kopecky & Richard Suen, 2010.
"Finite State Markov-chain Approximations to Highly Persistent Processes,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(3), pages 701-714, July.
- Kopecky, Karen A. & Suen, Richard M. H., 2009. "Finite State Markov-Chain Approximations to Highly Persistent Processes," MPRA Paper 15122, University Library of Munich, Germany.
- Karen A. Kopecky & Richard M. H. Suen, 2009. "Finite State Markov-Chain Approximations to Highly Persistent Processes," Working Papers 200904, University of California at Riverside, Department of Economics, revised May 2009.
- Kopecky, Karen A. & Suen, Richard M. H., 2009. "Finite State Markov-Chain Approximations to Highly Persistent Processes," MPRA Paper 17201, University Library of Munich, Germany.
- Chari, V V & Christiano, Lawrence J & Kehoe, Patrick J, 1994.
"Optimal Fiscal Policy in a Business Cycle Model,"
Journal of Political Economy, University of Chicago Press, vol. 102(4), pages 617-652, August.
- V. V. Chari & Lawrence J. Christiano & Patrick J. Kehoe, 1993. "Optimal fiscal policy in a business cycle model," Staff Report 160, Federal Reserve Bank of Minneapolis.
- V. V. Chari & Lawrence J. Christiano & Patrick J. Kehoe, 1993. "Optimal Fiscal Policy in a Business Cycle Model," NBER Working Papers 4490, National Bureau of Economic Research, Inc.
- E. Paul Durrenberger, 2012. "Labour," Chapters, in: James G. Carrier (ed.),A Handbook of Economic Anthropology, Second Edition, chapter 8, Edward Elgar Publishing.
- Trabandt, Mathias & Uhlig, Harald, 2011.
"The Laffer curve revisited,"
Journal of Monetary Economics, Elsevier, vol. 58(4), pages 305-327.
- Trabandt, Mathias & Uhlig, Harald, 2006. "How Far Are We From the Slippery Slope? The Laffer Curve Revisited," CEPR Discussion Papers 5657, C.E.P.R. Discussion Papers.
- Mathias Trabandt & Harald Uhlig, 2009. "How Far Are We From The Slippery Slope? The Laffer Curve Revisited," NBER Working Papers 15343, National Bureau of Economic Research, Inc.
- Uhlig, Harald & Trabandt, Mathias, 2010. "How far are we from the slippery slope? The Laffer curve revisited," Working Paper Series 1174, European Central Bank.
- Mathias Trabandt & Harald Uhlig, 2006. "How Far Are We From The Slippery Slope? The Laffer Curve Revisited," SFB 649 Discussion Papers SFB649DP2006-023, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
- Albert Marcet & Ramon Marimon, 2019.
"Recursive Contracts,"
Econometrica, Econometric Society, vol. 87(5), pages 1589-1631, September.
- Albert Marcet & Ramon Marimon, 1994. "Recursive contracts," Economics Working Papers 337, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 1998.
- Albert Marcet and Ramon Marimon, 2011. "Recursive Contracts," Working Papers 552, Barcelona Graduate School of Economics.
- Albert Marcet & Ramon Marimon, 2011. "Recursive Contracts," CEP Discussion Papers dp1055, Centre for Economic Performance, LSE.
- Albert Marcet & Ramon Marimon, 2011. "Recursive Contracts," Economics Working Papers ECO2011/15, European University Institute.
- Marcet, A. & Marimon, R., 1998. "Recursive Contracts," Economics Working Papers eco98/37, European University Institute.
- Ramon Marimon, 2011. "New Results in Recursive Contract Theory," 2011 Meeting Papers 752, Society for Economic Dynamics.
- Davide Debortoli & Ricardo Nunes & Pierre Yared, 2017.
"Optimal Time-Consistent Government Debt Maturity,"
The Quarterly Journal of Economics, Oxford University Press, vol. 132(1), pages 55-102.
- Davide Debortoli & Ricardo Nunes & Pierre Yared, 2014. "Optimal Time-Consistent Government Debt Maturity," NBER Working Papers 20632, National Bureau of Economic Research, Inc.
- Davide Debortoli & Ricardo Nunes & Pierre Yared, 2016. "Optimal time-consistent government debt maturity," Working Papers 16-4, Federal Reserve Bank of Boston.
- Davide Debortoli & Ricardo Nunes & Pierre Yared, 2016. "Optimal time-consistent government debt maturity," Economics Working Papers 1504, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2016.
- Davide Debortoli & Ricardo Nunes & Pierre Yared, 2016. "Optimal Time-Consistent Government Debt Maturity," Working Papers 867, Barcelona Graduate School of Economics.
- Lawrence J. Christiano & Martin Eichenbaum & Charles L. Evans, 2005.
"Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy,"
Journal of Political Economy, University of Chicago Press, vol. 113(1), pages 1-45, February.
- Lawrence J. Christiano & Martin S. Eichenbaum & Charles L. Evans, 2001. "Nominal rigidities and the dynamic effects of a shock to monetary policy," Proceedings, Federal Reserve Bank of San Francisco, issue Jun.
- Lawrence J. Christiano & Martin Eichenbaum & Charles Evans, 2001. "Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy," NBER Working Papers 8403, National Bureau of Economic Research, Inc.
- Lawrence J. Christiano & Martin Eichenbaum & Charles L. Evans, 2001. "Nominal rigidities and the dynamic effects of a shock to monetary policy," Working Paper Series WP-01-08, Federal Reserve Bank of Chicago, revised 2001.
- Lawrence J. Christiano & Martin S. Eichenbaum & Charles L. Evans, 2001. "Nominal rigidities and the dynamic effects of a shock to monetary policy," Working Papers (Old Series) 0107, Federal Reserve Bank of Cleveland.
- Lansing, Kevin J., 1999.
"Optimal redistributive capital taxation in a neoclassical growth model,"
Journal of Public Economics, Elsevier, vol. 73(3), pages 423-453, September.
- Kevin J. Lansing, 1998. "Optimal redistributive capital taxation in a neoclassical growth model," Working Papers in Applied Economic Theory 99-01, Federal Reserve Bank of San Francisco.
- Karel Mertens & Morten Overgaard Ravn, 2011.
"Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(1), pages 27-54, January.
- Morten O. Ravn & Karel Mertens, 2009. "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy shocks," 2009 Meeting Papers 480, Society for Economic Dynamics.
- Mertens, Karel & Ravn, Morten O, 2009. "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks," CEPR Discussion Papers 7505, C.E.P.R. Discussion Papers.
- Karel Mertens & Morten Overgaard Ravn, 2010. "Online Appendix to "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks"," Online Appendices 09-221, Review of Economic Dynamics.
- Karel Mertens & Morten Overgaard Ravn, 2010. "Code and data files for "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks"," Computer Codes 09-221, Review of Economic Dynamics.
- Salvador Ortigueira, 2006. "Markov-Perfect Optimal Taxation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(1), pages 153-178, January.
- ColemanII, Wilbur John, 2000. "Welfare and optimum dynamic taxation of consumption and income," Journal of Public Economics, Elsevier, vol. 76(1), pages 1-39, April.
- Isabel Correia & Emmanuel Farhi & Juan Pablo Nicolini & Pedro Teles, 2013.
"Unconventional Fiscal Policy at the Zero Bound,"
American Economic Review, American Economic Association, vol. 103(4), pages 1172-1211, June.
- Emmanuel Farhi & Isabel Correia & Juan Pablo Nicolini & Pedro Teles, "undated". "Unconventional Fiscal Policy at the Zero Bound," Working Paper 20945, Harvard University OpenScholar.
- Isabel Correia & Emmanuel Farhi & Juan Pablo Nicolini & Pedro Teles, 2011. "Unconventional Fiscal Policy at the Zero Bound," NBER Working Papers 16758, National Bureau of Economic Research, Inc.
- Pedro Teles & Emmanuel Farhi & Juan Pablo Nicolini & Isabel Horta Correia, 2011. "Unconventional Fiscal Policy at the Zero Bound," Working Papers w201103, Banco de Portugal, Economics and Research Department.
- Isabel Correia & Emmanuel Farhi & Juan Pablo Nicolini & Pedro Teles, 2012. "Unconventional fiscal policy at the zero bound," Working Papers 698, Federal Reserve Bank of Minneapolis.
- Correia, Isabel & Farhi, Emmanuel & Nicolini, Juan Pablo & Teles, Pedro, 2011. "Unconventional Fiscal Policy at the Zero Bound," CEPR Discussion Papers 8193, C.E.P.R. Discussion Papers.
- Tauchen, George, 1986. "Finite state markov-chain approximations to univariate and vector autoregressions," Economics Letters, Elsevier, vol. 20(2), pages 177-181.
- Azzimonti, Marina & Sarte, Pierre-Daniel & Soares, Jorge, 2009.
"Distortionary taxes and public investment when government promises are not enforceable,"
Journal of Economic Dynamics and Control, Elsevier, vol. 33(9), pages 1662-1681, September.
- Jorge Soares, Marina Azzimonti, Pierre-Daniel Sarte & Pierre-Daniel Sarte & Jorge Soares, 2006. "Distortionary Taxes and Public Investment When Government Promises Are Not Enforceable," Working Papers 06-07, University of Delaware, Department of Economics.
- Mathias Trabandt & Harald Uhlig, 2012.
"How Do Laffer Curves Differ across Countries?,"
NBER Chapters, in: Fiscal Policy after the Financial Crisis, pages 211-249,
National Bureau of Economic Research, Inc.
- Mathias Trabandt & Harald Uhlig, 2012. "How Do Laffer Curves Differ Across Countries?," NBER Working Papers 17862, National Bureau of Economic Research, Inc.
- Leslie J. Reinhorn, 2019.
"On optimal redistributive capital taxation,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 21(3), pages 460-487, June.
- Leslie J. Reinhorn, 2016. "On optimal redistributive capital taxation," CEGAP Working Papers 2016_07, Durham University Business School.
- Galindev, Ragchaasuren & Lkhagvasuren, Damba, 2010.
"Discretization of highly persistent correlated AR(1) shocks,"
Journal of Economic Dynamics and Control, Elsevier, vol. 34(7), pages 1260-1276, July.
- Damba Lkhagvasuren & Ragchaasuren Galindev, 2008. "Discretization of Highly-Persistent Correlated AR(1) Shocks," Working Papers 08012, Concordia University, Department of Economics, revised Nov 2008.
- Lkhagvasuren, Damba & Galindev, Ragchaasuren, 2008. "Discretization of highly persistent correlated AR(1) shocks," MPRA Paper 22523, University Library of Munich, Germany.
- J. Stephen Ferris, 2013. "Fiscal policy," Chapters, in: William F. Shughart II & Laura Razzolini & Michael Reksulak (ed.),The Elgar Companion to Public Choice, Second Edition, chapter 16, pages 260-283, Edward Elgar Publishing.
- Isabel Correia, 2010.
"Consumption Taxes and Redistribution,"
American Economic Review, American Economic Association, vol. 100(4), pages 1673-1694, September.
- Correia, Isabel, 2005. "Consumption Taxes and Redistribution," CEPR Discussion Papers 5280, C.E.P.R. Discussion Papers.
- Isabel Horta Correia, 2005. "Consumption Taxes and Redistribution," Working Papers w200511, Banco de Portugal, Economics and Research Department.
- Paul Klein & JosÈ-VÌctor RÌos-Rull, 2003. "Time-consistent optimal fiscal policy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(4), pages 1217-1245, November.
- Mathias Trabandt & Harald Uhlig, 2012.
"How Do Laffer Curves Differ across Countries?,"
NBER Chapters, in: Fiscal Policy after the Financial Crisis, pages 211-249,
National Bureau of Economic Research, Inc.
- Harald F. Uhlig & Mathias Trabandt, 2012. "How do Laffer curves differ across countries?," International Finance Discussion Papers 1048, Board of Governors of the Federal Reserve System (U.S.), revised 2012.
- Mathias Trabandt & Harald Uhlig, 2012. "How Do Laffer Curves Differ Across Countries?," Working Papers 2012-001, Becker Friedman Institute for Research In Economics.
- Mathias Trabandt & Harald Uhlig, 2012. "How Do Laffer Curves Differ Across Countries?," NBER Working Papers 17862, National Bureau of Economic Research, Inc.
- Ludwig Straub & Iván Werning, 2014. "Positive Long Run Capital Taxation: Chamley-Judd Revisited," NBER Working Papers 20441, National Bureau of Economic Research, Inc.
- Greenwood, Jeremy & Hercowitz, Zvi & Huffman, Gregory W, 1988. "Investment, Capacity Utilization, and the Real Business Cycle," American Economic Review, American Economic Association, vol. 78(3), pages 402-417, June.
- Nezih Guner & Remzi Kaygusuz & Gustavo Ventura, 2012. "Taxation and Household Labour Supply," Review of Economic Studies, Oxford University Press, vol. 79(3), pages 1113-1149.
- Zhu, Xiaodong, 1995. "Endogenous capital utilization, investor's effort, and optimal fiscal policy," Journal of Monetary Economics, Elsevier, vol. 36(3), pages 655-677, December.
- Mario J. Miranda & Paul L. Fackler, 2004. "Applied Computational Economics and Finance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262633094, September.
- Xavier Mateos-Planas, 2010. "Demographics and the Politics of Capital Taxation in a Life-Cycle Economy," American Economic Review, American Economic Association, vol. 100(1), pages 337-363, March.
- Giorgio Motta & Raffaele Rossi, 2013. "Ramsey monetary and fiscal policy: the role of consumption taxation," Working Papers 44449031, Lancaster University Management School, Economics Department.
- Debortoli, Davide & Nunes, Ricardo, 2010. "Fiscal policy under loose commitment," Journal of Economic Theory, Elsevier, vol. 145(3), pages 1005-1032, May.
- Davide Debortoli & Ricardo Nunes, 2013. "Lack Of Commitment And The Level Of Debt," Journal of the European Economic Association, European Economic Association, vol. 11(5), pages 1053-1078, October.
- Martin, Fernando M., 2010. "Markov-perfect capital and labor taxes," Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 503-521, March.
- Atkinson, A. B. & Stiglitz, J. E., 1972. "The structure of indirect taxation and economic efficiency," Journal of Public Economics, Elsevier, vol. 1(1), pages 97-119, April.
- Paul Klein & Per Krusell & José-Víctor Ríos-Rull, 2008. "Time-Consistent Public Policy," Review of Economic Studies, Oxford University Press, vol. 75(3), pages 789-808.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Time-Consistent Consumption Taxation
by Christian Zimmermann in NEP-DGE blog on 2018-05-13 03:44:28
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- George Economides & Anastasios Rizos, 2018.
"Optimal Taxation and the Tradeoff Between Efficiency and Redistribution,"
Review of Economic Analysis, Digital Initiatives at the University of Waterloo Library, vol. 10(1), pages 1-43, January.
- George Economides & Anastasios Rizos, 2017. "Optimal taxation and the tradeoff between efficiency and redistribution," DEOS Working Papers 1701, Athens University of Economics and Business.
- Alejandro Forcades, 2019. "The optimal tax mix with underground labor," Economics Bulletin, AccessEcon, vol. 39(1), pages 214-222.
- Vasilev, Aleksandar, 2018.
"Optimal fiscal policy with utility-enhancing government spending, consumption taxation and a common income tax rate: the case of Bulgaria,"
EconStor Open Access Articles, ZBW - Leibniz Information Centre for Economics, pages 43-58.
- Vasilev Aleksandar, 2018. "Optimal Fiscal Policy with Utility-Enhancing Government Spending, Consumption Taxation and a Common Income Tax Rate: The Case of Bulgaria," Review of Economics, De Gruyter, vol. 69(1), pages 1-16, April.
- Vasilev, Aleksandar, 2016. "Optimal fiscal policy with utility-enhancing government spending, consumption taxation and a common income tax rate: the case of Bulgaria," EconStor Preprints 146939, ZBW - Leibniz Information Centre for Economics.
- George Economides & Apostolis Philippopoulos & Anastasios Rizos, 2020. "Optimal tax policy under tax evasion," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 27(2), pages 339-362, April.
- Vasilev, Aleksandar, 2018. "Optimal fiscal policy with Epstein-Zin preferences and utility-enhancing government services: lessons from Bulgaria (1999-2016)," EconStor Preprints 183134, ZBW - Leibniz Information Centre for Economics.
More about this item
Keywords
Fiscal Policy; Markov-perfect Policies; Consumption Taxation; Variable Capital Utilisation; Endogenous Government Spending;JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2015-04-19 (Dynamic General Equilibrium)
- NEP-MAC-2015-04-19 (Macroeconomics)
- NEP-PBE-2015-04-19 (Public Economics)
- NEP-PUB-2015-04-19 (Public Finance)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cfm:wpaper:1508. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Martin Hannon). General contact details of provider: http://edirc.repec.org/data/cmlseuk.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.