Creator

• Miller, Preston J.

Series

• Working paper (Federal Reserve Bank of Minneapolis. Research Department)

Issue number

• 244

Date created

• 1984-10

Abstract

• This study examines the shape of an optimal income tax schedule in a monetary economy. In equilibrium, money’s role is to allocate resources across generations, while a tax-transfer scheme serves as a form of social insurance. It is found that the optimal real income tax with money can be progressive.

Related information

• Published in: Journal of Economic Dynamics and Control (Vol. 17, No. 3, May 1993, pp. 443-465), https://doi.org/10.1016/0165-1889(93)90006-E.

Corporate Author

• Federal Reserve Bank of Minneapolis. Research Department

Publisher

• Federal Reserve Bank of Minneapolis

Resource type

• Research Paper

DOI

•  https://doi.org/10.21034/wp.244

License

• Creative Commons BY-NC Attribution-NonCommercial 4.0 International

In Collection:

• Working Papers

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