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Documents 1 Chapter 5 Fiscal Deficits, Public Solvency, and the Macroeconomy © Pierre-Richard Agénor and...

Slide 1 1 Chapter 5 Fiscal Deficits, Public Solvency, and the Macroeconomy © Pierre-Richard Agénor and Peter J. Montiel Slide 2 2 l The Government Budget Constraint. l…

Documents NONOPTIMALITY OF THE FRIEDMAN RULE WITH CAPITAL INCOME TAXATION Alberto Petrucci LUISS G. Carli...

Slide 1 NONOPTIMALITY OF THE FRIEDMAN RULE WITH CAPITAL INCOME TAXATION Alberto Petrucci LUISS G. Carli October 8, 2008 Slide 2 Should money be exempted from taxation? Two…