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17-011/VI - Why is the Long-Run Tax on Capital Income Zero? Explaining the Chamley-Judd Result


  • Authors
    Bas Jacobs, Erasmus University Rotterdam, The Netherlands; Alexandra Victoria Rusu, Erasmus University Rotterdam, The Netherlands
  • Publication date
    January 23, 2017
  • Keywords
    taxation of capital income, zero capital income tax, Corlett-Hague motive, Chamley-Judd result
  • JEL
    H2