The new dynamic public finance [electronic resource] / Narayana R. Kocherlakota.

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 (via ProQuest)
Main Author:	Kocherlakota, Narayana Rao, 1963-
Format:	Electronic eBook
Language:	English
Published:	Princeton : Princeton University Press, ©2010.
Series:	Toulouse lectures in economics.
Subjects:	Fiscal policy > Mathematical models. Taxation > Mathematical models. Finance, Public > Mathematical models.