The new dynamic public finance /

Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are bad insofar as they discourage people from working, but good to the degree that, by redistributing wealth, they help insure people against productivity shocks. Until recently, however, economic research on thi...

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Bibliographic Details
Online Access: Full text (MCPHS users only)
Main Author: Kocherlakota, Narayana Rao, 1963-
Format: Electronic eBook
Language:English
Published: Princeton : Princeton University Press, 2010
Series:Toulouse lectures in economics.
Subjects:
Local Note:ProQuest Ebook Central