Optimal inflation tax under precommitment: theory and evidence.

The restrictions implied by an intertemporal optimizing model on the time path of the inflation tax were derived and tested. Unlike previous research on inflation-tax smoothing, the welfare loss from inflation, the money demand function, and the time path of the rate of inflation were jointly deriv...

Descripción completa

Detalles Bibliográficos

Publicado en:	American Economic Review Vol. 82; pp. 179 - 195
Autores principales:	Calvo, Guillermo A., Leiderman, Leonardo
Formato:	Artículo
Publicado:	American Economic Association March 1992
Materias:	Mathematical models Price inflation & taxation Taxation Fiscal policy
Acceso en línea:	Ver este registro en EBSCOhost