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In times of inflation, most existing systems of taxation introduce new distortions into the allocation of resources. In … this paper, the effects of inflation via taxes on the firm's east of capital are analyzed. The taxes considered are the … market rates of return are adjusted for inflation. This makes it possible to determine the net effects of inflation on …
Persistent link: https://www.econbiz.de/10010334984
This paper investigates thresholds of inflation, government size, trade openness, and per capita income for the finance … inflation crowds out positive effects of financial depth on long-run growth, (ii) small government sizes hurt the finance …
Persistent link: https://www.econbiz.de/10013133509
This paper investigates inflation thresholds that lead to higher growth rates using five-year averages of standard … countries: (i) the catch-up effect has worked only when inflation is below 12%; (ii) the positive effect of human capital on … growth has been present and significant when inflation has been below 15%; (iii) financial development has been effective …
Persistent link: https://www.econbiz.de/10013118189
, the intention of this study is to investigate the impact of the inflation rate on stock market in India during the period … the rate of inflation and stock prices in India. The result of vector error correction model indicates that in short …-run the inflation rate negatively affects the Indian stock market, and, the Granger Causality test reveals that the inflation …
Persistent link: https://www.econbiz.de/10012972836
floating exchange rates, raising domestic inflation can increase production if credit is rationed. However, there exist … inflation thresholds: increasing inflation beyond the threshold level will reduce domestic output. Instability, indeterminacy of … high rates of domestic inflation- increases the scope for indeterminacy and economic fluctuations. …
Persistent link: https://www.econbiz.de/10005037728
of money demand played a prominent role. More recently, interactions of inflation and taxation came into focus. Growth …This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models … and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion …
Persistent link: https://www.econbiz.de/10010295870
whereas the other type of agents cannot. If the sales tax is perfectly substituted by the inflation tax, then there is no way …
Persistent link: https://www.econbiz.de/10012836306
of money demand played a prominent role. More recently, interactions of inflation and taxation came into focus. Growth …This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models … and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion …
Persistent link: https://www.econbiz.de/10012991253
inflation tax. However, if imposing a positive sales tax is inevitable for central bank independence, there arises an …
Persistent link: https://www.econbiz.de/10013312670
, for optimal income taxation. Our analyses show that, when the government is utilitarian and disutility from labor supply …
Persistent link: https://www.econbiz.de/10013314745