Ramsey Taxation in the Global Economy

Pedro Teles, Juan Pablo Nicolini and Varadarajan Chari

No 12753, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We study cooperative optimal Ramsey equilibria in the open economy addressing classic policy questions: Should restrictions be placed to free trade and capital mobility? Should capital income be taxed? Should goods be taxed based on origin or destination? What are desirable border adjustments? How can a Ramsey allocation be implemented with residence-based taxes on assets? We characterize optimal wedges and analyze alternative policy implementations.

Keywords: Capital income tax; Free trade; Value-added taxes; Border adjustment; Origin- and destination-based taxation; Production e (search for similar items in EconPapers)
JEL-codes: E60 E61 E62 (search for similar items in EconPapers)
Date: 2018-02
New Economics Papers: this item is included in nep-dge, nep-int, nep-lam, nep-mac, nep-opm and nep-pbe
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Citations: View citations in EconPapers (1)

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Working Paper: Ramsey Taxation in the Global Economy (2017)
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