inflation rate. Evidence is also presented that suggests prices are being driven by increases in the money supply rather than by … changes in price setting behaviour. The paper additionally uses the estimated elasticity on the inflation variable to … calculate the maximum level of seigniorage revenue that could be raised in the economy. Actual seigniorage levels increased …

inflation tax Laffer curve before abandoning the currency. Estimates of the seignorage-maximizing rate derive from a short … percent, generally exceeding monthly inflation …

Bank of Zimbabwe (RBZ) operated on the correct side of the inflation tax Laffer curve. Estimated seignorage maximizing … prices for the Old Mutual insurance company's shares, which trade in London and Harare, serve as the measure of inflation … 242 to 315 percent and exceeded all monthly inflation rates …

Should inflation be thought of as "just another tax?" The theoretical basis for doing so dates back to Phelps (1973 … distortions of all available taxes, including the inflation tax, a key distinctive theoretical implication obtained by these … models is that inflation and tax rates have a positive relationship. While theoretically appealing, empirical studies and …

constraint. It discusses five channels: (i) how inflation can (and cannot) lower the real burden of the public debt, (ii) how …

constraint. It discusses five channels: (i) how inflation can (and cannot) lower the real burden of the public debt, (ii) how …