RECENT DEVELOPMENTS IN DYNAMIC CAPITAL INCOME TAXATION THEORY: A REVIEW

In this work we build up a general model which allows us to present \n \nsome recent advances in the topic of optimal taxation of capital income \n \nin dynamic environments. In particular, on the one hand we put an \n \nemphasis on the similarities of such problem with the more traditional \n \nstatic approach and, on the other hand, we highlight the conditions \n \nunder which the Judd (1985) and Chamley (1986) long run zero tax \n \nresult does hold or is violated.