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Capital Taxation: Quantitative Explorations of the Inverse Euler Equation

Iván Werning and Emmanuel Farhi

No 1262, 2009 Meeting Papers from Society for Economic Dynamics

Abstract: efficiency gains can be sizable, but we find that most of the improvements can then attributed to the relaxation of borrowing constraints, rather than the introduction of savings distortions.

Date: 2009
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Journal Article: Capital Taxation: Quantitative Explorations of the Inverse Euler Equation (2012) Downloads
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