According to Nobel Laureate Ed Prescott, Increasing tax rates [in Europe] will not increase revenue (Prescott, 2004:

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According to Nobel Laureate Ed Prescott, “Increasing tax rates [in Europe] will not increase revenue” (Prescott, 2004: 2). What assumptions must hold in order for this statement to be correct?

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Public Finance In Canada

ISBN: 9781259030772

5th Canadian Edition

Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon

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Question Posted: Dec 08, 2022 01:10 AM

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According to Nobel Laureate Ed Prescott, Increasing tax rates [in Europe] will not increase revenue (Prescott, 2004:

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Public Finance In Canada

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