The contrast between the early nineteenth century Argentinean experience of high inflation and the American experience … of low inflation is interpreted in terms of a dynamic monetary model of optimal taxation. It is argued that the two … the inflation tax may be viewed as an optimal solution to its wartime problems. By contrast, with the exception of the …

When inflation originates from distributional conflicts, shifts in inflation expectations, or energy price shocks …, monetary policy (MP) is a costly stabilization instrument. We show that a tax on inflation policy (TIP), which would require … decisions, tackle excessive inflation and reduce output volatility, without exacerbating price distortions. While proposals from …

The contrast between the early nineteenth century Argentinean experience of high inflation and the American experience … of low inflation is interpreted in terms of a dynamic monetary model of optimal taxation. It is argued that the two … the inflation tax may be viewed as an optimal solution to its wartime problems. By contrast, with the exception of the …

The contrast between the early nineteenth century Argentinean experience of high inflation and the American experience … of low inflation is interpreted in terms of a dynamic monetary model of optimal taxation. It is argued that the two … the inflation tax may be viewed as an optimal solution to its wartime problems. By contrast, with the exception of the …

A country that decides to fix its exchange rate thereby gives up control over its own inflation rate and the … seigniorage. This paper uses an optimal inflation tax approach to analyze the consequences for optimal rates of income taxation … which the country is free to determine its own rates of inflation is optimal; fixed exchange rates are second best, and the …

A country that decides to fix its exchange rate thereby gives up control over its own inflation rate and the … seigniorage. This paper uses an optimal inflation tax approach to analyze the consequences for optimal rates of income taxation … which the country is free to determine its own rates of inflation is optimal; fixed exchange rates are second best, and the …

The observation that collection lags combine with inflation to erode fiscal revenues has long been a strong argument …, leave unchanged, or reduce the desired rate of inflation …

The observation that collection lags combine with inflation to erode fiscal revenues has long been a strong argument …, leave unchanged, or reduce the desired rate of inflation …