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pro vyhledávání: '"Burhan Kuruscu"'
How does wealth taxation differ from capital income taxation? When the return on investment is equal across individuals, a well-known result is that the two tax systems are equivalent. Motivated by recent empirical evidence documenting persistent ret
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b464230d805dd850ae3f0d3699e939f3
https://doi.org/10.21034/wp.764
https://doi.org/10.21034/wp.764
Publikováno v:
SSRN Electronic Journal.
We study quantitatively how far shifts in the credit supply can generate a boom-bust cycle, similar to the one observed in the US around 2008. For this purpose, we develop a general equilibrium model that combines a rich heterogeneous agent overlappi