; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Optimal Indirect and Capital Taxation"; ; "batchuser@example.com"; "Tsyvinski, Aleh", "Kocherlakota, Narayana Rao, 1963-", "Golosov, Mikhail"; "Federal Reserve Bank of Minneapolis"; "In this paper, we consider an environment in which agents’ skills are private information, are potentially multi-dimensional, and follow arbitrary stochastic processes. We allow for arbitrary incentive-compatible and physically feasible tax schemes. We prove that it is typically Pareto optimal to have positive capital taxes. As well, we prove that in any given period, it is Pareto optimal to tax consumption goods at a uniform rate."^^; "2001-09"; "2019-08-19T15:12:52.744192358+00:00"^^; "https://doi.org/10.21034/sr.293"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2020-09-28T21:23:06.583126877+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "798", "410", "279"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "293"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; """Published in: _Review of Economic Studies_ (Vol. 70, No. 3, July 2003, pp. 569-587) https://doi.org/10.1111/1467-937X.00256. An earlier version of this Staff Report circulated as [Working Paper 615](https://doi.org/10.21034/wp.615)."""^^; ; "Publication" . ; .