UCLouvain Economics Seminar - Teles

September 22, 2016

12:45 - 2:00 PM


Doyens 22

Pedro Teles

(Universidade Católica Portuguesa)

More on Taxation of Capital

Abstract: Should capital income taxes be zero in the long run, as argued by Chamley (1986) and Judd (1985)? Or should instead capital be heavily taxed as suggested by Straub and Werning (2015)? We revisit the Ramsey literature on the optimal taxation of capital and make again the case for a zero tax on capital income, in the steady state and along the transition (joint paper with V Chari and Juan Pablo Nicolini)

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