Chari, V. V.Nicolini, Juan PabloTeles, Pedro2018-04-252018-04-252018-02http://hdl.handle.net/10230/34456We 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.application/pdfengThis 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.info:eu-repo/semantics/workingPaperCapital income taxFree tradeValue-added taxesBorder adjustmentOrigin- and destination-based taxationProduction efficiencyinfo:eu-repo/semantics/openAccess