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) 
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