Theory and evidence on government taxation policy. Topics include tax incidence; optimal tax theory; the effect of … taxation on labor supply and savings; corrective taxes for externalities; taxation and corporate behavior; and tax expenditure … taxation. It covers both theoretical contributions, such as the theory of optimal income and commodity taxation, as well as …

of money and capital-in-utility overturns the Chamley-Judd zero capital income taxation theorem. When the production cost …We reexamine the optimal fiscal and monetary policy in combined shopping-time monetary models with capital accumulation …. Four models are constructed to examine how the production cost of money and the utility from physical capital affect the …

not. We find that in terms of the effective change in the rate of taxation and in terms of a change in the overall tax …