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...
| Hoofdauteur: | |
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 1998/146 |
| Online toegang: | Full text available on IMF |