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Optimal Taxation in Models of Endogenous Growth
We study the problem of optimal taxation in three infinite-horizon, representative-agent endogenous growth models. The first model is a convex model in which physical and human capital are perfectlyExpand
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A Convex Model of Equilibrium Growth: Theory and Policy Implications
Our aim in this paper is to exposit a convex model of equilibrium growth. The model has two features that distinguish it from most other work on the subject: first, that the model is convex on theExpand
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Why are Married Women Working so Much
We study the large observed changes in labor supply by married women in the United States over the post-World War II period, a period that saw little change in the labor supply by single women. WeExpand
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On the Optimal Taxation of Capital Income
One of the best known results in modern public finance is the Chamley-Judd result showing that the optimal tax rate on capital income is zero in the long-run. In this paper, we reexamine this resultExpand
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Human Capital and the Wealth of Nations†.
We reevaluate the role of human capital in determining the wealth of nations. We use standard human capital theory to estimate stocks of human capital and allow the quality of human capital to varyExpand
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The growth effects of monetary policy
This article investigates the relationship between inflation and output, in the data and in standard models. The article reports that empirical cross-country studies generally find a nonlinear,Expand
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Finite Lifetimes and Growth
The recent literature an endogenous growth models has emphasized the effect that the rate of return has an the capital accumulation decisions and, consequently, on the growth rate of the economy. InExpand
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Endogenous Policy Choice: The Case of Pollution and Growth
What determines the relationship between pollution and growth? Are the forces that explain the behavior over time of these quantities potentially useful to understand more generally the relationshipExpand
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Growth and the Effects of Inflation
In this paper, we analyze the effects of changes in monetary growth rates in the context of models of endogenous growth when the demand for money comes from a cash-in-advance constraint. We exploreExpand
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The Sources of Growth
In this paper, we survey the principal theoretical models of endogenous growth and explore their common components through analyzing a series of planning problems. Our aim is to provide the readerExpand
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