calculating the gain from price stability, the paper emphasizes the distortions caused by the interaction of inflation and capital … income taxes. Because inflation exacerbates the tax distortions that would exist even with price stability, the annual … deadweight loss of a two percent inflation rate is a surprisingly large one percent of GDP. Since the real gain from shifting to …

hyperexpansive' monetary policy to reduce the risk that a low rate of inflation will lead to a deflationary situation in which …

The present paper analyses the effect of the interaction between tax rules and inflation on the size and allocation of … show that, with current U.S. tax laws, an increase in the rate of inflation reduces the equilibrium amount of business … inflation lowers the real net-of-tax rate of return to the provider of business capital. In a richer model than the current one …

This paper discusses the effects of the interaction between inflation and the taxation of capital income. The principal … conclusions are: (1) Inflation substantially increases the total effective tax rate on the income from capital used in the … between inflation and existing tax rules contributed to the fall in the ratio of share prices to real pretax earnings, or …

the period from 1953 through1978. The analysis emphasizes that the Interaction of inflation and existing tax rules has …

Much of the recent discussion about the relation between pensions and inflation has emphasized the adverse impact that … the un-expected rise in inflation has had on pension recipients and on the performance of pension funds. In contrast, the … present paper focuses on the way that pensions are likely to evolve in response to the expectation of continued inflation in …

This paper presents an explicit model of portfolio demand and uses it to show how the rate of inflation and its … papers which studied how the interaction of inflation and tax rules alter the real prices of land and stock. The analysis …

This paper shows how the interaction of tax rules and expected inflation can decrease substantially the share price per …