Optimal tax theory has shown that, under weak assumptions, indirect taxation such as production subsidies, tariffs, or … differentiated commodity taxation, are sub-optimal and that redistribution should be achieved solely with the direct income tax …. However, these important results of optimal tax theory, namely production efficiency and uniform commodity taxation under non …

tax for redistribution, and the latter choosing a local income tax, property tax, lump-sum tax or subsidy, and a local … findings are federal income distribution, little local redistribution, and local preference for property taxation over income …

to borrowers. In this study, we consider redistribution as a channel for aggregate and welfare effects of inflation. We …-generations model of the U.S. economy. While the redistribution shock is zero sum, households react asymmetrically, mostly because … increase in savings. Even though inflation-induced redistribution has a persistent negative effect on output, it improves the …

An influential result in modern optimal tax theory, the Atkinson and Stiglitz (1976) theorem, holds that for a broad … class of utility functions, all redistribution should be carried out through labor income taxation, rather than differential … redistribution in this setting. In fact, the optimal commodity taxes essentially follow the classic "many person Ramsey rule …

This paper evaluates the role of redistribution in the transmission mechanism of monetary policy to consumption. Three …

countries with theory to shed new light on the redistributive potential and optimal design of consumption taxes. We use the type …