We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general … Read more
Optimal taxes on capital in the OLG model with uninsurable idiosyncratic income risk
Should Germany have built a new wall? Macroeconomic lessons from the 2015-18 refugee wave
This research uses economic data modelling to look at whether the arrival of large numbers of refugees in 2015-16 depressed wages in Germany. It concludes that while some low-skilled natives … Read more