Ramsey Taxation in the Global Economy

Creator

• Chari, V. V.
• Nicolini, Juan Pablo
• Teles, Pedro

Series

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

Issue number

• 745

Date Created

• 2017-12-11

Abstract

• We study cooperative optimal Ramsey equilibria in the open economy addressing classic policy questions: Should restrictions be placed to free trade and capital mobility? Should capital income be taxed? Should goods be taxed based on origin or destination? What are desirable border adjustments? How can a Ramsey allocation be implemented with residence-based taxes on assets? We characterize optimal wedges and analyze alternative policy implementations.

Subject (JEL)

• E60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
• E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination
• E62 - Fiscal Policy

关键词

• Capital income tax
• Border adjustment
• Value-added taxes
• Origin- and destination-based taxation
• Free trade
• Production efficiency

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.745

License

• Creative Commons BY-NC Attribution-NonCommercial 4.0 International

关联

属于 Collection:

• Working Papers

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