According to Nobel laureate Ed Prescott, increasing tax rates [in Europe] will not increase revenue [Prescott, 2004b].

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According to Nobel laureate Ed Prescott,

“increasing tax rates [in Europe] will not increase revenue” [Prescott, 2004b]. What assumptions must hold in order for this statement to be correct?

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Public Finance

ISBN: 9780073511351

9th Edition

Authors: Harvey Rosen, Robert Guell, Ted Gayer

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Question Posted: Jul 23, 2024 09:01 AM

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According to Nobel laureate Ed Prescott, increasing tax rates [in Europe] will not increase revenue [Prescott, 2004b].

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Public Finance

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