Daniels, Joseph P.; VanHoose, David D. - In: Journal of Macroeconomics 31 (2009) 3, pp. 485-491
This paper considers a model of an open economy in which the degree of income-tax progressivity influences the interaction among openness, central bank independence, and the inflation rate. Our model suggests that an increase in the progressivity of the tax system induces a smaller response in...