James Tobin proposed creating one of these policies after the Bretton Woods conference to reduce exchange rate volatility.
James Tobin proposed creating one of these policies after the Bretton Woods conference to reduce exchange rate volatility. The "dual" approach to Ramsey problems asks how these policies can make consumers happiest, and Ramsey derived an "optimal" formula for them. The idea that consumers do not respond to changes in these policies because they take into account future government action is called Ricardian equivalence. A "lump-sum" variety of these policies may be progressive or regressive depending on what is used to calculate the effect of this policy. Types of these policies include Pigovian, value-added, and income. For 10 points, name these policies enacted by the government to raise revenue.
James Tobin proposed creating one of these policies after the Bretton Woods conference to reduce exchange rate volatility.
taxes