Publications

Policy Note 1999/7 | July 1999

Capital Income Taxes and Economic Performance

Tax reform that reduces tax rates on capital income, no matter how successful it is in reducing the user cost of capital, will have at best minimal effects on capital formation and output and therefore on the growth of the United States' economy.

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Publication Highlight

Working Paper No. 1050
Macroeconomic Effects of a Government Overdraft on Its Central Bank Account
Author(s): Tarron Khemraj
May 2024

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