Krusell rios rull

REMARKs/KRR99/KRR99.md

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+---
+tags:
+  - REMARK
+  - Replication
+abstract: # abstract: optional
+authors: # required
+  -
+    family-names: Koh
+    given-names: "Kyung Woong"
+    orcid: "https://orcid.org/0000-0002-1670-6556"
+# REMARK fields
+# github_repo_url: https://github.com/kwkak37/REMARK # required
+version: 1.1 # required
+remark-name: KRR99 # required 
+title-original-paper: On the Size of U.S. Government: Political Economy in the Neoclassical Growth Model # optional 
+notebooks: # path to any notebooks within the repo - optional
+  - 
+    code/python/KohKRR99.ipynb
+---
+
+# On the Size of U.S. Government: Political Economy in the Neoclassical Growth Model
+
+## Replication of Krusell and Rios-Rull (1999)
+
+## by Kyung Woong Koh
+
+This notebook attempts to replicate "On the Size of U.S. Government: Political Economy in the Neoclassical Growth Model" by Krusell and Rios-Rull (1999), by incorporating a flat income tax rate and lump-sum transfers into an economy with idiosyncratic transitory income shocks, then computing the tax rate chosen by the median agent.