generated outside of its borders. In this paper we characterize the Ramsey-optimal rate of inflation in an economy with a … optimal rates of inflation between 2 and 10 percent per annum. The domestically benevolent government finds it optimal to … impose an inflation tax as a way to extract resources from the rest of the world in the form of seignorage revenue …

The observation that collection lags combine with inflation to erode fiscal revenues has long been a strong argument …, leave unchanged, or reduce the desired rate of inflation …

inflation tax. It is well known that conventional national accounts definitions usually misplace the proceeds from the inflation … inflation tax on the part of the Government is associated with higher private saving, even in situations where the composition …