Browsing Working Papers by Author "NAKAJIMA, Tomoyuki"

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Browsing Working Papers by Author "NAKAJIMA, Tomoyuki"

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    Title: Optimal Taxation and Constrained Inefficiency in an Infinite-Horizon Economy with Incomplete Markets  Author(s): GOTTARDI, Piero; KAJII, Atsushi; NAKAJIMA, Tomoyuki Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We study the dynamic Ramsey problem of finding optimal public debt and linear taxes on capital and labor income within a tractable infinite horizon model with incomplete markets. With zero public expenditure and debt, it ...
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    Title: Constrained Inefficiency and Optimal Taxation with Uninsurable Risks  Author(s): GOTTARDI, Piero; KAJII, Atsushi; NAKAJIMA, Tomoyuki Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Should capital and labor be taxed, and if so how when individuals?labor and capital income are subject to uninsurable idiosyncratic risks? In a two period general equilibrium model with production, we ?rst show that ...