A Tax Plan for Endogenous Innovation
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Steve Raymond & Lukas Schmid & Anastasios Karantounias & Mariano Croce, 2017. "A Tax Plan for Endogenous Innovation," 2017 Meeting Papers 109, Society for Economic Dynamics.
References listed on IDEAS
- Axelle Ferriere & Anastasios G. Karantounias, 2019.
"Fiscal Austerity in Ambiguous Times,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 11(1), pages 89-131, January.
- Axelle Ferrière & Anastasios G. Karantounias, 2016. "Fiscal Austerity in Ambiguous Times," FRB Atlanta Working Paper 2016-6, Federal Reserve Bank of Atlanta.
- Axelle Ferriere & Anastasios Karantounias, 2019. "Fiscal Austerity in Ambiguous Times," PSE-Ecole d'économie de Paris (Postprint) halshs-02084280, HAL.
- Axelle Ferriere & Anastasios Karantounias, 2019. "Fiscal Austerity in Ambiguous Times," Post-Print halshs-02084280, HAL.
- Florin O. Bilbiie & Fabio Ghironi & Marc J. Melitz, 2012.
"Endogenous Entry, Product Variety, and Business Cycles,"
Journal of Political Economy, University of Chicago Press, vol. 120(2), pages 304-345.
- Florin Bilbiie & F. Ghironi & M. Melitz, 2007. "Endogenous Entry, Product Variety and Business Cycles," Working Papers hal-00515667, HAL.
- Florin Bilbiie & Fabio Ghironi & Marc Melitz, 2012. "Endogenous Entry, Product Variety and Business Cycles," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00680634, HAL.
- Florin Bilbiie & Fabio Ghironi & Marc Melitz, 2012. "Endogenous Entry, Product Variety and Business Cycles," Post-Print hal-00680634, HAL.
- Florin Bilbiie & Fabio Ghironi & Marc Melitz, 2012. "Endogenous Entry, Product Variety and Business Cycles," PSE-Ecole d'économie de Paris (Postprint) hal-00680634, HAL.
- Ghironi, Fabio & Melitz, Marc J & Bilbiie, Florin, 2011. "Endogenous Entry, Product Variety, and Business Cycles," CEPR Discussion Papers 8564, C.E.P.R. Discussion Papers.
- Florin Bilbiie & Fabio Ghironi & Marc J. Melitz, 2007. "Endogenous Entry, Product Variety, and Business Cycles," NBER Working Papers 13646, National Bureau of Economic Research, Inc.
- Bilbiie, Florin O. & Ghironi, Fabio & Melitz, Marc J., 2012. "Endogenous Entry, Product Variety, and Business Cycles," Scholarly Articles 10914281, Harvard University Department of Economics.
- 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.
- Aghion, Philippe & Akcigit, Ufuk & Fernández-Villaverde, Jesús, 2012.
"Optimal Capital Versus Labor Taxation with Innovation-Led Growth,"
Scholarly Articles
27755236, Harvard University Department of Economics.
- Philippe Aghion & Ufuk Akcigit & Jesús Fernández-Villaverde, 2013. "Optimal Capital Versus Labor Taxation with Innovation-Led Growth," NBER Working Papers 19086, National Bureau of Economic Research, Inc.
- Philippe Aghion & Ufuk Akcigit & Jesus Fernandez-Villaverde, 2013. "Optimal Capital Versus Labor Taxation with Innovation-Led Growth," PIER Working Paper Archive 13-025, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Anastasios G Karantounias, 2018.
"Optimal Fiscal Policy with Recursive Preferences,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(4), pages 2283-2317.
- Anastasios Karantounias, 2012. "Optimal fiscal policy with recursive preferences," 2012 Meeting Papers 1085, Society for Economic Dynamics.
- Anastasios G. Karantounias, 2013. "Optimal Fiscal Policy with Recursive Preferences," FRB Atlanta Working Paper 2013-07, Federal Reserve Bank of Atlanta.
- Judd, Kenneth L., 1985.
"Redistributive taxation in a simple perfect foresight model,"
Journal of Public Economics, Elsevier, vol. 28(1), pages 59-83, October.
- Kenneth L. Judd, 1982. "Redistributive Taxation in a Simple Perfect Foresight Model," Discussion Papers 572, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Fabio Ghironi & Sanjay K. Chugh, 2010.
"Optimal Fiscal Policy with Endogenous Product Variety,"
2010 Meeting Papers
812, Society for Economic Dynamics.
- Ghironi, Fabio & Chugh, Sanjay K., 2015. "Optimal Fiscal Policy with Endogenous Product Variety," CEPR Discussion Papers 10674, C.E.P.R. Discussion Papers.
- Fabio Ghironi & Sanjay K. Chugh, 2011. "Optimal Fiscal Policy with Endogenous Product Variety," Boston College Working Papers in Economics 775, Boston College Department of Economics.
- Sanjay K. Chugh & Fabio Ghironi, 2011. "Optimal Fiscal Policy with Endogenous Product Variety," NBER Working Papers 17319, National Bureau of Economic Research, Inc.
- Sanjay K. Chugh & Fabio Ghironi, 2012. "Optimal Fiscal Policy with Endogenous Product Variety," Boston College Working Papers in Economics 845, Boston College Department of Economics.
- Ufuk Akcigit & Douglas Hanley & Stefanie Stantcheva, 2022.
"Optimal Taxation and R&D Policies,"
Econometrica, Econometric Society, vol. 90(2), pages 645-684, March.
- Stefanie Stantcheva, 2015. "Optimal Taxation and R&D Policies," 2015 Meeting Papers 1533, Society for Economic Dynamics.
- Ufuk Akcigit & Douglas Hanley & Stefanie Stantcheva, 2016. "Optimal Taxation and R&D Policies," NBER Working Papers 22908, National Bureau of Economic Research, Inc.
- Ufuk Akcigit & Douglas Hanley & Stefanie Stantcheva, 2016. "Optimal Taxation and R&D Policies," Working Papers 2016-031, Human Capital and Economic Opportunity Working Group.
- Akcigit, Ufuk & Hanley, Douglas & Stantcheva, Stefanie, 2016. "Optimal Taxation and R&D Policies," CEPR Discussion Papers 11682, C.E.P.R. Discussion Papers.
- Jones, Larry E & Manuelli, Rodolfo E & Rossi, Peter E, 1993. "Optimal Taxation in Models of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 101(3), pages 485-517, June.
- Zhu, Xiaodong, 1992. "Optimal fiscal policy in a stochastic growth model," Journal of Economic Theory, Elsevier, vol. 58(2), pages 250-289, December.
- Diamond, Peter A & Mirrlees, James A, 1971. "Optimal Taxation and Public Production: I--Production Efficiency," American Economic Review, American Economic Association, vol. 61(1), pages 8-27, March.
- Romer, Paul M, 1990.
"Endogenous Technological Change,"
Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
- Paul Romer, 1989. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
- Paul M Romer, 1999. "Endogenous Technological Change," Levine's Working Paper Archive 2135, David K. Levine.
- Lucas, Robert Jr. & Stokey, Nancy L., 1983.
"Optimal fiscal and monetary policy in an economy without capital,"
Journal of Monetary Economics, Elsevier, vol. 12(1), pages 55-93.
- Robert E. Lucas Jr. & Nancy L. Stokey, 1982. "Optimal Fiscal and Monetary Policy in an Economy Without Capital," Discussion Papers 532, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Jermann, Urban J., 1998. "Asset pricing in production economies," Journal of Monetary Economics, Elsevier, vol. 41(2), pages 257-275, April.
- Howard Kung & Lukas Schmid, 2015. "Innovation, Growth, and Asset Prices," Journal of Finance, American Finance Association, vol. 70(3), pages 1001-1037, June.
- Andrew Atkeson & Ariel Burstein, 2019.
"Aggregate Implications of Innovation Policy,"
Journal of Political Economy, University of Chicago Press, vol. 127(6), pages 2625-2683.
- Andrew Atkeson & Ariel Burstein, 2011. "Aggregate implications of innovation policy," Staff Report 459, Federal Reserve Bank of Minneapolis.
- Andrew Atkeson & Ariel T. Burstein, 2011. "Aggregate Implications of Innovation Policy," NBER Working Papers 17493, National Bureau of Economic Research, Inc.
- Ariel Burstein & Andrew Atkeson, 2015. "Aggregate implications of innovation policy," 2015 Meeting Papers 640, Society for Economic Dynamics.
- Chamley, Christophe, 1986. "Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives," Econometrica, Econometric Society, vol. 54(3), pages 607-622, May.
- Diamond, Peter A & Mirrlees, James A, 1971. "Optimal Taxation and Public Production II: Tax Rules," American Economic Review, American Economic Association, vol. 61(3), pages 261-278, June.
- Diego Anzoategui & Diego Comin & Mark Gertler & Joseba Martinez, 2019.
"Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 11(3), pages 67-110, July.
- Diego Anzoategui & Diego Comin & Mark Gertler & Joseba Martinez, 2016. "Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence," NBER Working Papers 22005, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Donadelli, Michael & Grüning, Patrick, 2021.
"Innovation dynamics and fiscal policy: Implications for growth, asset prices, and welfare,"
The North American Journal of Economics and Finance, Elsevier, vol. 57(C).
- Michael Donadelli & Patrick Gruning, 2017. "Innovation Dynamics and Fiscal Policy: Implications for Growth, Asset Prices, and Welfare," Bank of Lithuania Working Paper Series 43, Bank of Lithuania.
- Donadelli, Michael & Grüning, Patrick, 2017. "Innovation dynamics and fiscal policy: Implications for growth, asset prices, and welfare," SAFE Working Paper Series 171, Leibniz Institute for Financial Research SAFE.
- Gross, Till & Klein, Paul, 2022. "Optimal tax policy and endogenous growth through innovation," Journal of Public Economics, Elsevier, vol. 209(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Baltasar Manzano & Jesús Ruiz, 2004.
"Política fiscal óptima: el estado de la cuestión,"
Investigaciones Economicas, Fundación SEPI, vol. 28(1), pages 5-41, January.
- Baltasar Manzano & Jesús Ruiz, 2002. "Política Fiscal Óptima: el estado de la Cuestión," Documentos de Trabajo del ICAE 0212, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Jones, Larry E. & Manuelli, Rodolfo E. & Rossi, Peter E., 1997.
"On the Optimal Taxation of Capital Income,"
Journal of Economic Theory, Elsevier, vol. 73(1), pages 93-117, March.
- Larry E. Jones & Rodolfo E. Manuelli & Peter E. Rossi, 1993. "On the Optimal Taxation of Capital Income," NBER Working Papers 4525, National Bureau of Economic Research, Inc.
- Valentinyi, Ákos, 2001. "A tőkejövedelem optimális adóztatása [The optimal taxation of capital income]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 459-479.
- 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.
- Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima, 2015.
"Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation,"
American Economic Review, American Economic Association, vol. 105(11), pages 3443-3470, November.
- Gottardi, Piero & Kajii, Atsushi & Nakajima, Tomoyuki, 2014. "Optimal taxation and debt with uninsurable risks to human capital accumulation," Economics Working Papers ECO2014/08, European University Institute.
- Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima, 2014. "Optimal taxation and debt with uninsurable risks to human capital accumulation," CIGS Working Paper Series 14-007E, The Canon Institute for Global Studies.
- Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima, 2014. "Optimal taxation and debt with uninsurable risks to human capital accumulation," FRB Atlanta Working Paper 2014-24, Federal Reserve Bank of Atlanta.
- Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima, 2014. "Optimal taxation and debt with uninsurable risks to human capital accumulation," KIER Working Papers 897, Kyoto University, Institute of Economic Research.
- Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima, 2015. "Optimal taxation and debt with uninsurable risks to human capital accumulation," UTokyo Price Project Working Paper Series 051, University of Tokyo, Graduate School of Economics.
- Ge Jin & Bing Zhang, 2024. "Optimal fiscal policy with a balanced-budget restriction: revisiting Chamley and Barro," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(2), pages 454-485, April.
- Chari, V.V. & Nicolini, Juan Pablo & Teles, Pedro, 2020.
"Optimal capital taxation revisited,"
Journal of Monetary Economics, Elsevier, vol. 116(C), pages 147-165.
- V. V. Chari & Juan Pablo Nicolini & Pedro Teles, 2018. "Optimal Capital Taxation Revisited," Working Papers 752, Federal Reserve Bank of Minneapolis.
- V. V. Chari & Juan Pablo Nicolini & Pedro Teles, 2018. "Optimal Capital Taxation Revisited," Staff Report 571, Federal Reserve Bank of Minneapolis.
- Chari, V.V. & Kehoe, Patrick J., 1999.
"Optimal fiscal and monetary policy,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 26, pages 1671-1745,
Elsevier.
- V. V. Chari & Patrick J. Kehoe, 1998. "Optimal fiscal and monetary policy," Staff Report 251, Federal Reserve Bank of Minneapolis.
- V. V. Chari & Patrick J. Kehoe, 1999. "Optimal Fiscal and Monetary Policy," NBER Working Papers 6891, National Bureau of Economic Research, Inc.
- Yi‐Chan Tsai & C. C. Yang & Hsin‐Jung Yu, 2022. "Rising skill premium and the dynamics of optimal capital and labor taxation," Quantitative Economics, Econometric Society, vol. 13(3), pages 1061-1099, July.
- Angyridis, Constantine, 2007. "Optimal capital income taxation in a small open economy," Economics Letters, Elsevier, vol. 95(1), pages 73-79, April.
- 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.
- Cassou, Steven P. & Lansing, Kevin J., 1998.
"Optimal fiscal policy, public capital, and the productivity slowdown,"
Journal of Economic Dynamics and Control, Elsevier, vol. 22(6), pages 911-935, June.
- Steven P. Cassou & Kevin J. Lansing, 1995. "Optimal fiscal policy, public capital, and the productivity slowdown," Working Papers (Old Series) 9509, Federal Reserve Bank of Cleveland.
- Wang, Gaowang & Zou, Heng-fu, 2020. "Optimal fiscal and monetary policy in economies with capital," MPRA Paper 102753, University Library of Munich, Germany.
- Fabian ten Kate & Petros Milionis, 2019. "Is capital taxation always harmful for economic growth?," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 26(4), pages 758-805, August.
- Nawaz, Nasreen, 2017. "An Optimal Quantity Tax Path in a Dynamic Setting," MPRA Paper 114275, University Library of Munich, Germany.
- Alberto Petrucci, 2007. "Optimal Taxation of Capital Income in Models with Endogenous Fertility," Development Working Papers 228, Centro Studi Luca d'Agliano, University of Milano.
- Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
- Guo, Jang-Ting & Lansing, Kevin J., 1999.
"Optimal taxation of capital income with imperfectly competitive product markets,"
Journal of Economic Dynamics and Control, Elsevier, vol. 23(7), pages 967-995, June.
- Jang-Ting Guo & Kevin J. Lansing, 1998. "Optimal taxation of capital income with imperfectly competitive product markets," Working Papers in Applied Economic Theory 98-04, Federal Reserve Bank of San Francisco.
- Kazunobu Muro, 2013. "Optimal labor income taxation in a two-sector dynamic general equilibrium model," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 60(1), pages 21-48, March.
- Jang-Ting Guo & Kevin J. Lansing, 1994. "The welfare effects of tax simplification: a general-equilibrium analysis," Working Papers (Old Series) 9409, Federal Reserve Bank of Cleveland.
More about this item
Keywords
innovation; R&D investment; endogenous growth; government debt; labor tax; subsidy; profit tax;All these keywords.
JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
- O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2018-01-22 (Dynamic General Equilibrium)
- NEP-INO-2018-01-22 (Innovation)
- NEP-MAC-2018-01-22 (Macroeconomics)
- NEP-PBE-2018-01-22 (Public Economics)
- NEP-PUB-2018-01-22 (Public Finance)
- NEP-TID-2018-01-22 (Technology and Industrial Dynamics)
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:fip:fedawp:2017-13. See general information about how to correct material in RePEc.
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 bibliographic 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rob Sarwark (email available below). General contact details of provider: https://edirc.repec.org/data/frbatus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.