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Incentivising the rich

Brad DeLong’s Semi-Daily Journal: Marginal Notes on Pierre-Olivier Gourinchas’s Presentation of Golosov, Tsyviniski, and Werning

Before it rolls off the front page. Here is the paper. Working lunches. Golosov and Tsyvinski. Responses from, in the blue corner (British sense), Mr. Optimal Taxation and in the red corner, Mr. Overlapping Generations.

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