The Marginal Cost of Public Funds Theory and Applications by Bev Dahlby The MIT Press Cambridge, Massachusetts London, England Contents Preface XI 1 Introduction ...

Intro -- Contents -- Preface -- 1 Introduction -- 2 Conceptual Foundations of the MCF -- 3 The MCF for Commodity Taxes -- 4 The MCFs for Excise Taxes in Thailand and the United Kingdom -- 5 The MCF from Taxing Labor Income -- 6 Applications of the MCF from Taxing Labor Income -- 7 The MCF from...

Proponents focus on the average fiscal cost of program spending when the interest rate on government debt is less than the economy's growth rate. They ignore the potentially large marginal fiscal cost of deficit-financed increases in spending that arise when a higher public debt increases...