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income-tax-financed and inflation-tax-financed government expenditures on the economy's growth and inflation rates. Currency … substitution provides an avenue for inflation-tax evasion and affects the rankings of the two modes of government finance. The …'s budgetary policy. Inflation taxes hinder growth more than income taxes. Income-tax financing is also the preferred policy in …
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This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10005825770
population, per capita income, agriculture, primary exports, and inflation are studied by statistical methods. Then, the … same way. The main conclusion is that, in the period under review, high inflation and an abundance of natural resources …
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This paper presents a survey of the literature on the measurement of central bank autonomy. We distinguish inputs that constitute the building blocks in the literature, and the literature that builds on them. Issues including sensitivity analysis, robustness, and endogeneity are discussed. The...
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the gain is approximately proportional to the square of the original inflation distortion. Third, successful stabilization …
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