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The New Dynamic Public Finance - Kocherlakota, Narayana R.
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Kocherlakota, Narayana R.:
The New Dynamic Public Finance - used book

ISBN: 9780691139159

ID: 2553896

Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are bad insofar as they discourage people from working, but good to the degree that, by redistributing wealth, they help insure people against productivity shocks. Until recently, however, economic research on this question either ignored people's uncertainty about their future productivities or imposed strong and unrealistic functional form restrictions on taxes. In response to these problems, the new dynamic public finance was developed to study the design of optimal taxes given only minimal restrictions on the set of possible tax instruments, and on the nature of shocks affecting people in the economy. In this book, Narayana Kocherlakota surveys and discusses this exciting new approach to public finance. An important book for advanced PhD courses in public finance and macroeconomics, "The New Dynamic Public Finance" provides a formal connection between the problem of dynamic optimal taxation and dynamic principal-agent contracting theory. This connection means that the properties of solutions to principal-agent problems can be used to determine the properties of optimal tax systems. The book shows that such optimal tax systems necessarily involve asset income taxes, which may depend in sophisticated ways on current and past labor incomes. It also addresses the implications of this new approach for qualitative properties of optimal monetary policy, optimal government debt policy, and optimal bequest taxes. In addition, the book describes computational methods for approximate calculation of optimal taxes, and discusses possible paths for future research. The New Dynamic Public Finance Kocherlakota, Narayana R., Princeton University Press

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The New Dynamic Public Finance - Narayana R. Kocherlakota
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Narayana R. Kocherlakota:
The New Dynamic Public Finance - hardcover

ISBN: 9780691139159

Hardback, [PU: Princeton University Press], Suitable for advanced PhD courses in public finance and macroeconomics, this book provides a formal connection between the problem of dynamic optimal taxation and dynamic principal-agent contracting theory., Public Finance

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New Dynamic Public Finance (Toulouse Lectures in Economics) - R. Kocherlakota, Narayana.
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New Dynamic Public Finance (Toulouse Lectures in Economics) - used book

2010, ISBN: 0691139156

ID: 6367191026

[EAN: 9780691139159], Gebraucht, wie neu, [SC: 2.3], [PU: Princeton University Press,], 200 Seiten druckfrisch Sprache: Englisch Gewicht in Gramm: 750

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New Dynamic Public Finance (Toulouse Lectures in Economics) - R. Kocherlakota, Narayana.
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R. Kocherlakota, Narayana.:
New Dynamic Public Finance (Toulouse Lectures in Economics) - hardcover

2010, ISBN: 9780691139159

ID: 22849

200 Seiten 8°, Gebundene Ausgabe druckfrisch Versand D: 2,00 EUR, [PU:Princeton University Press,]

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The New Dynamic Public Finance - Narayana R. Kocherlakota
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Narayana R. Kocherlakota:
The New Dynamic Public Finance - hardcover

2010, ISBN: 9780691139159

ID: 11943993

Hardcover, Buch, [PU: Princeton University Press]

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New Dynamic Public Finance

"Much of the theory of public finance was recently transformed when new work incorporated the subtle interaction of dynamics and risk. Narayana Kocherlakota, one of the top contributors to this new literature, has now given us a masterful exposition of its methods and results. This is a must-read, for graduate students and researchers alike."--Bernard Salanie, Columbia University"This is the first major overview of the new dynamic public finance, and the first summary of the subject that can be used as a graduate textbook or research reference. The book covers all the main areas of the literature, from theoretical developments to numerical implementations and practical applications. It should be a required text for any student who takes an advanced public finance course."--Mikhail Golosov, Yale University

Details of the book - New Dynamic Public Finance


EAN (ISBN-13): 9780691139159
ISBN (ISBN-10): 0691139156
Hardcover
Publishing year: 2010
Publisher: University Presses of CA
200 Pages
Weight: 0,393 kg
Language: eng/Englisch

Book in our database since 20.11.2008 02:10:43
Book found last time on 05.08.2017 11:36:39
ISBN/EAN: 9780691139159

ISBN - alternate spelling:
0-691-13915-6, 978-0-691-13915-9


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