We quantitatively characterize the optimal capital and labor income tax in an overlapping
generations model with idiosyncratic, uninsurable income shocks and permanent …

Government policies that impose restrictions on the size of large establishments or firms, or
promote small ones, are widespread across countries. In this paper, we develop a …

Macroeconomics at the intermediate and graduate levels rests on three workhorses: the
Solow-Swan model, the overlapping generations (OLG) model, and the Ramsey model. The …

This paper computes the optimal progressivity of the income tax code in a dynamic general
equilibrium model with household heterogeneity in which uninsurable labor productivity risk …

We use micro data from the US Internal Revenue Service to document how Federal Income
tax liabilities vary with income, marital status and the number of dependents. We report facts …

We evaluate reforms to the US tax system in a life cycle set-up with heterogeneous married
and single households and with an operative extensive margin in labour supply. We restrict …

How effective is a more progressive tax scheme in raising revenues? We answer this
question in a life-cycle economy with heterogeneity across households and endogenous …

This paper investigates the importance of entrepreneurship when quantifying the aggregate
and distributional effects of switching from a progressive to a proportional income tax …

Macroeconomics for Developing Countries presents a comprehensive study of the tools of
macroeconomic analysis with particular emphasis on their application in Developing …

We develop a quantitative theory of economic inequality to investigate the effects of
replacing the current US progressive income tax system with a proportional one. The cross …