Dedola, Luca (contributor); Neri, Stefano (contributor) - 2006
the rate of transformation between current consumption and productive capital in the future, and to the capital income
tax … multivariate flat prior over the support of all possible responses Ψ
0
;Ψ
1
;:::;Ψ
k
,
given by an hypersphere in R
nk
centered in … shocks (akin to labor tax rate shocks), markup
13
ECB
Working Paper Series No 705
December 2006
we are interested in …