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30 Results
Coins and scale
Nonlinear Taxation in an Economy With Heterogeneous Firms and Heterogeneous Households
In an economy with heterogeneous firms and heterogeneous consumers, the authors describe a general equilibrium where firm equity is priced by a supply and demand process. With a model robust to arbitrary, nonlinear tax functions, they investigate the efficiency of replacing the current U.S. tax regime with a policy of no corporate taxes and taxation of capital distributions to the household at progressive personal income tax rates.
Jorge Barro, Efraim Berkovich November 21, 2017
This photo shows the Chinese flag.
Latin America Initiative | Issue Brief
China’s “Second Wave” in South America
South America is likely facing a "second wave" of Chinese investment. How will China's rise to global economic power — and its transition to a new economic growth model — impact South America?
Pedro da Motta Veiga February 9, 2015