Title of article
Optimal capital income taxation in a small open economy
Author/Authors
Constantine Angyridis، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
7
From page
73
To page
79
Abstract
This paper considers a stochastic small open economy with a financial asymmetry between the households and the government. In this setting, it is optimal not to tax capital income beyond the initial period. This is in contrast to the existing results for stochastic closed economies.
Keywords
Taxation , complete markets , Fiscal policy , Incomplete markets , Optimal capital income , Ramsey problem
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436191
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