Equilibrium in a production economy with an income tax

No 366, International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.)

Abstract: A state-dependent income tax is incorporated into an intertemporal production economy. Methods are developed for establishing the existence and uniqueness of an equilibrium, and for explicitly constructing this equilibrium. Some tax-policy experiments are suggested, the results of which may have important implications in quantifying the effects of various tax policies.

Keywords: Income tax; Capital (search for similar items in EconPapers)
Date: 1989
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Related works:
Journal Article: Equilibrium in a Production Economy with an Income Tax (1991)
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