Positive Long Run Capital Taxation: Chamley-Judd Revisited
---- Acknowledgments ----
This paper benefited from detailed comments by Fernando Alvarez, Peter Diamond and Stefanie Stantcheva and was very fortunate to count with research assistance from Greg Howard, Lucas Manuelli and Andrés Sarto. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.