This paper reviews recent advances in the theory of optimal policy in a dynamic Mirrlees
setting, and contrasts this approach to the one based on the representative-agent Ramsey …

Tackling real-world socio-economic challenges requires designing and testing economic
policies. However, this is hard in practice, due to a lack of appropriate (micro-level) …

This paper provides a non-technical overview of the economic arguments related to the
desirability of transfer taxation and a summary of empirical evidence surrounding these …

This paper presents the case for tax progressivity based on recent results in optimal tax
theory. We consider the optimal progressivity of earnings taxation and whether capital …

Using a quantitative model that features technical progress in automation and endogenous
skill choice, we show that, given the current US tax system, a sustained fall in automation …

The book takes a broad view of the subject matter of acroeconomics. A substantial portion of
the book is devoted to economic growth, and separate chapters are devoted to the natural …

From the field's leading authority, the most authoritative and comprehensive advanced-level
textbook on asset pricing In Financial Decisions and Markets, John Campbell, one of the …

The optimal design of a tax system is a topic that has long fascinated economic theorists and
flummoxed economic policymakers. This paper explores the interplay between tax theory …

The substantially revised fourth edition of a widely used text, offering both an introduction to
recursive methods and advanced material, mixing tools and sample applications. Recursive …

This paper develops a theory of optimal capital taxation that expresses optimal tax formulas
in sufficient statistics. We first consider a simple model with utility functions linear in …