Positive long - run capital taxation Chamley - Judd revisited by Ludwig Straub and Iván Werning
By: Straub, Ludwig
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Contributor(s): Werning, Iván.
Material type: 
ArticlePublisher: 2020Subject(s): CAPITAL | IMPUESTOS | MODELOS ECONOMETRICOS
In:
The American Economic Review v. 110, n. 1, January 2020, p. 86-119 Summary: According to the Chamley-Judd result, capital should not be taxed in the long run. In this paper, we overturn this conclusion, showing that it does not follow from the very models used to derive them.
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According to the Chamley-Judd result, capital should not be taxed in the long run. In this paper, we overturn this conclusion, showing that it does not follow from the very models used to derive them.
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