| dc.contributor | 財政系 | |
| dc.creator (作者) | 楊建成 | |
| dc.creator (作者) | Yang, C.C.;Chen, Yunmin;Chien, Yili;Wen, Yi | |
| dc.date (日期) | 2021-03 | |
| dc.date.accessioned | 13-Jun-2025 09:28:58 (UTC+8) | - |
| dc.date.available | 13-Jun-2025 09:28:58 (UTC+8) | - |
| dc.date.issued (上傳時間) | 13-Jun-2025 09:28:58 (UTC+8) | - |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/157356 | - |
| dc.description.abstract (摘要) | We design an infinite-horizon heterogeneous-agents and incomplete-markets model to demonstrate analytically that in the absence of any redistributional effects of government policies, optimal capital tax is zero despite capital overaccumulation under precautionary savings and borrowing constraints. Our result indicates that in the long run public debt is a better tool than capital taxation to restore aggregate productive efficiency. | |
| dc.format.extent | 109 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | Economics Letters, Vol.200, 109746, pp.1-10 | |
| dc.subject (關鍵詞) | Optimal capital taxation; Government bonds; Heterogeneous agents; Incomplete markets; Modified golden rule; Ramsey problem; Wealth distribution | |
| dc.title (題名) | Should capital be taxed? | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.econlet.2021.109746 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.econlet.2021.109746 | |
