How Far Are We From The Slippery Slope? The Laffer Curve Revisited
---- Acknowledgements -----
A number of people and seminar participants provided us with excellent comments, for which we are grateful, and a complete list would be rather long. Explicitly, we would like to thank Urban Jerman, Daron Acemoglu, Wouter den Haan, John Cochrane, Robert Hall, Charles Jones, Rick van der Ploeg, Richard Rogerson, Ivan Werning and an anonymous referee. This research was supported by the NSF grant SES-0922550. An early draft of this paper has been awarded with the CESifo Prize in Public Economics 2005. Trabandt is grateful for the hospitality of the ECB and the Deutsche Bundesbank where parts of this paper were written. The views expressed in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of Sveriges Riksbank, the ECB, the Deutsche Bundesbank, or the National Bureau of Economic Research.