2 papers
econ.TH2026
The Fiscal Alibi: Hidden Spending Needs and Government Reputation
Georgy Lukyanov, Hengrina Ly
A government may ask for a high tax because it faces a genuine expense. The same demand can also be made by a government that intends to keep the proceeds. We study this ambiguity…
econ.TH2026
Taxing Capital to Protect It
Georgy Lukyanov, Hengrina Ly
This paper studies the composition of taxation when the government cannot fully commit to respecting private returns after investment. A fiscal authority must finance a given expen…