Optimal Fiscal Policy and the Environment /
The paper studies the setting of optimal fiscal policy in a second-best world with environmental externalities. The optimal second-best pollution tax is shown to lie below the first-best Pigovian tax, particularly if substitution between labor and polluting intermediate inputs is easy, the labor sup...
| Prif Awdur: | |
|---|---|
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
1998.
|
| Cyfres: | IMF Working Papers; Working Paper ;
No. 1998/146 |
| Mynediad Ar-lein: | Full text available on IMF |