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The post-COVID price surge has reignited interest in inflation's impact on American households. Even if anticipated and … with full market adjustments, inflation affects households through its interaction with the fiscal system, which is the … focus of this paper. Inflation affects households through its interaction with the fiscal. We run the 2019 Survey of …
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[...]With fiscal affairs apparently in order—at least in the shortrun—and with some perspective on the past twenty-five years’economic performance, we are in a position to ask how well thebudget process has worked to produce a coherent andresponsive fiscal policy, particularly given the...
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In the past decade, economists have be-gun to realize that inflation, even when fully anticipated, constitutes a great … deal more than a tax on money balances. The primary reason for inflation's wider impact is the existence of a tax system … designed with stable prices in mind. This paper offers a brief summary of the effects of inflation on the tax treatment of the …
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In the past decade, economists have be-gun to realize that inflation, even when fully anticipated, constitutes a great … deal more than a tax on money balances. The primary reason for inflation's wider impact is the existence of a tax system … designed with stable prices in mind. This paper offers a brief summary of the effects of inflation on the tax treatment of the …
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