of the type considered in the inflation-targeting literature. …

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 …

policy and inflation. As a backdrop, we briefly lay out several theoretical approaches to the effects of fiscal deficits on … inflation: the earlier Keynesian and monetarist approaches; and modern approaches incorporating expectations and forward looking … fiscal deficits and inflation generally holds in wartime when fiscally stressed governments resorted to the inflation tax …

policy and inflation. As a backdrop, we briefly lay out several theoretical approaches to the effects of fiscal deficits on … inflation: the earlier Keynesian and monetarist approaches; and modern approaches incorporating expectations and forward looking …We find that the relationship between fiscal deficits and inflation generally holds in wartime when fiscally stressed …

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 …