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The optimal inflation tax when taxes are costly to collect
De Fiore, Fiorella - 2000
Tax collection costs have been advocated in the literature as a reason to deviate from the Friedman rule, in standard … tax depends upon the collection costs parameter and schedule, the interest and scale elasticity of money demand, and the …
Persistent link: https://www.econbiz.de/10011604084
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The optimal mix of taxes on money, consumption and income
De Fiore, Fiorella; Teles, Pedro - 2002
models. We show that the optimal policy does not tax money, regardless of whether the government can use the income tax, the … consumption tax, or the two taxes jointly. These results are at odds with recent literature. We argue that the reason for this …
Persistent link: https://www.econbiz.de/10011604181
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Credit subsidies
Correia, Isabel; De Fiore, Fiorella; Teles, Pedro; … - 2016
In a model with costly financial intermediation and financial disturbances, credit subsidies are desirable, irrespective of how they are financed. They are especially useful when the zero lower bound constraint is reached. They are superior to other credit policies such as direct lending.
Persistent link: https://www.econbiz.de/10011605922