The new dynamic public finance:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Princeton
Princeton University Press
c2010
|
| Schriftenreihe: | Toulouse lectures in economics
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Beschreibung: | Includes bibliographical references and index Preface. -- 1 Introduction. -- 2 The Ramsey Approach and Its Problems. -- 3 Basics of Dynamic Social Contracting. -- 4 Dynamic Optimal Taxation: Lessons for Macroeconomists. -- 5 Optimal Intergenerational Taxation. -- 6 Quantitative Analysis: Methods and Results. -- 7 The Way Forward. Index Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are bad insofar as they discourage people from working, but good to the degree that, by redistributing wealth, they help insure people against productivity shocks. Until recently, however, economic research on this question either ignored people's uncertainty about their future productivities or imposed strong and unrealistic functional form restrictions on taxes. In response to these problems, the new dynamic public finance was developed to study the design of optimal taxes given only minimal restrictions on the set of possible tax instruments, and on the nature of shocks affecting people in the economy. In this book, Narayana Kocherlakota surveys and discusses this exciting new approach to public finance. An important book for advanced PhD courses in public finance and macroeconomics, The New Dynamic Public Finance provides a formal connection between the problem of dynamic optimal taxation and dynamic principal-agent contracting theory. This connection means that the properties of solutions to principal-agent problems can be used to determine the properties of optimal tax systems. The book shows that such optimal tax systems necessarily involve asset income taxes, which may depend in sophisticated ways on current and past labor incomes. It also addresses the implications of this new approach for qualitative properties of optimal monetary policy, optimal government debt policy, and optimal bequest taxes. In addition, the book describes computational methods for approximate calculation of optimal taxes, and discusses possible paths for future research |
| Beschreibung: | 1 Online-Ressource (x, 217 p.) |
| ISBN: | 9781400835270 1400835275 9780691139159 0691139156 1282569279 9781282569270 |
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Datensatz im Suchindex
| _version_ | 1804175293576904704 |
|---|---|
| any_adam_object | |
| author | Kocherlakota, Narayana Rao |
| author_facet | Kocherlakota, Narayana Rao |
| author_role | aut |
| author_sort | Kocherlakota, Narayana Rao |
| author_variant | n r k nr nrk |
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| bvnumber | BV042966855 |
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| dewey-full | 336.001/5195 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 336 - Public finance |
| dewey-raw | 336.001/5195 |
| dewey-search | 336.001/5195 |
| dewey-sort | 3336.001 45195 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| indexdate | 2024-07-10T07:13:59Z |
| institution | BVB |
| isbn | 9781400835270 1400835275 9780691139159 0691139156 1282569279 9781282569270 |
| language | English |
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| spelling | Kocherlakota, Narayana Rao Verfasser aut The new dynamic public finance Narayana R. Kocherlakota Princeton Princeton University Press c2010 1 Online-Ressource (x, 217 p.) txt rdacontent c rdamedia cr rdacarrier Toulouse lectures in economics Includes bibliographical references and index Preface. -- 1 Introduction. -- 2 The Ramsey Approach and Its Problems. -- 3 Basics of Dynamic Social Contracting. -- 4 Dynamic Optimal Taxation: Lessons for Macroeconomists. -- 5 Optimal Intergenerational Taxation. -- 6 Quantitative Analysis: Methods and Results. -- 7 The Way Forward. Index Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are bad insofar as they discourage people from working, but good to the degree that, by redistributing wealth, they help insure people against productivity shocks. Until recently, however, economic research on this question either ignored people's uncertainty about their future productivities or imposed strong and unrealistic functional form restrictions on taxes. In response to these problems, the new dynamic public finance was developed to study the design of optimal taxes given only minimal restrictions on the set of possible tax instruments, and on the nature of shocks affecting people in the economy. In this book, Narayana Kocherlakota surveys and discusses this exciting new approach to public finance. An important book for advanced PhD courses in public finance and macroeconomics, The New Dynamic Public Finance provides a formal connection between the problem of dynamic optimal taxation and dynamic principal-agent contracting theory. This connection means that the properties of solutions to principal-agent problems can be used to determine the properties of optimal tax systems. The book shows that such optimal tax systems necessarily involve asset income taxes, which may depend in sophisticated ways on current and past labor incomes. It also addresses the implications of this new approach for qualitative properties of optimal monetary policy, optimal government debt policy, and optimal bequest taxes. In addition, the book describes computational methods for approximate calculation of optimal taxes, and discusses possible paths for future research BUSINESS & ECONOMICS / Public Finance bisacsh BUSINESS & ECONOMICS / Taxation / General bisacsh Finance, Public / Mathematical models fast Fiscal policy / Mathematical models fast Taxation / Mathematical models fast Finanzwirtschaft Mathematisches Modell Steuer Wirtschaft Fiscal policy Mathematical models Taxation Mathematical models Finance, Public Mathematical models Optimale Besteuerung (DE-588)4121427-4 gnd rswk-swf Agency-Theorie (DE-588)4126353-4 gnd rswk-swf Finanzwissenschaft (DE-588)4121273-3 gnd rswk-swf Finanzwissenschaft (DE-588)4121273-3 s Optimale Besteuerung (DE-588)4121427-4 s Agency-Theorie (DE-588)4126353-4 s 1\p DE-604 http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=321413 Aggregator Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Kocherlakota, Narayana Rao The new dynamic public finance BUSINESS & ECONOMICS / Public Finance bisacsh BUSINESS & ECONOMICS / Taxation / General bisacsh Finance, Public / Mathematical models fast Fiscal policy / Mathematical models fast Taxation / Mathematical models fast Finanzwirtschaft Mathematisches Modell Steuer Wirtschaft Fiscal policy Mathematical models Taxation Mathematical models Finance, Public Mathematical models Optimale Besteuerung (DE-588)4121427-4 gnd Agency-Theorie (DE-588)4126353-4 gnd Finanzwissenschaft (DE-588)4121273-3 gnd |
| subject_GND | (DE-588)4121427-4 (DE-588)4126353-4 (DE-588)4121273-3 |
| title | The new dynamic public finance |
| title_auth | The new dynamic public finance |
| title_exact_search | The new dynamic public finance |
| title_full | The new dynamic public finance Narayana R. Kocherlakota |
| title_fullStr | The new dynamic public finance Narayana R. Kocherlakota |
| title_full_unstemmed | The new dynamic public finance Narayana R. Kocherlakota |
| title_short | The new dynamic public finance |
| title_sort | the new dynamic public finance |
| topic | BUSINESS & ECONOMICS / Public Finance bisacsh BUSINESS & ECONOMICS / Taxation / General bisacsh Finance, Public / Mathematical models fast Fiscal policy / Mathematical models fast Taxation / Mathematical models fast Finanzwirtschaft Mathematisches Modell Steuer Wirtschaft Fiscal policy Mathematical models Taxation Mathematical models Finance, Public Mathematical models Optimale Besteuerung (DE-588)4121427-4 gnd Agency-Theorie (DE-588)4126353-4 gnd Finanzwissenschaft (DE-588)4121273-3 gnd |
| topic_facet | BUSINESS & ECONOMICS / Public Finance BUSINESS & ECONOMICS / Taxation / General Finance, Public / Mathematical models Fiscal policy / Mathematical models Taxation / Mathematical models Finanzwirtschaft Mathematisches Modell Steuer Wirtschaft Fiscal policy Mathematical models Taxation Mathematical models Finance, Public Mathematical models Optimale Besteuerung Agency-Theorie Finanzwissenschaft |
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