Ramsey taxation in the global economy

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Document Type: Working paper
Date: 2018-02
This document is associated with a Creative Common license This is an Open Access article distributed under the terms of the Creative Commons Attribution License Creative Commons Attribution 4.0 International, which permits unrestricted use, distribution and reproduction in any medium provided that the original work is properlyattributed.
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Citation: Chari, V. V.; Nicolini, Juan Pablo; Teles, Pedro. Ramsey taxation in the global economy. 2018
http://hdl.handle.net/10230/34456
Permanent link: http://hdl.handle.net/10230/34456

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 analyse alternative policy implementations.
Author: Chari, V. V. ; Nicolini, Juan Pablo ; Teles, Pedro

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