inflation tax. However, if imposing a positive sales tax is inevitable for central bank independence, there arises an …

We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using … anticipated inflation and unemployment. Second, there is also a positive correlation between anticipated inflation and … unemployment volatility. Third, the long-run inflation-unemployment relationship is not only positive, but also stronger when …

We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using … anticipated inflation and unemployment. Second, there is also a positive correlation between anticipated inflation and … unemployment volatility. Third, the long-run inflation-unemployment relationship is not only positive, but also stronger when …

equilibrium framework in which lump-sum taxes are absent. The policies analyzed are an inflation tax,commercial policy, and an … inflation tax for small revenue needs. Furthermore, if the policy target were allocative, we would tend to use only one policy …

The present paper analyses the effect of the interaction between tax rules and inflation on the size and allocation of … show that, with current U.S. tax laws, an increase in the rate of inflation reduces the equilibrium amount of business … inflation lowers the real net-of-tax rate of return to the provider of business capital. In a richer model than the current one …

the period from 1953 through1978. The analysis emphasizes that the Interaction of inflation and existing tax rules has …

This paper shows how the interaction of tax rules and expected inflation can decrease substantially the share price per …

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 …

This paper extends and evaluates previous work on the positive theory of inflation. We examine the behavior of … governments concerned solely with minimizing the deadweight loss from raising revenue through inflation and tax finance. We show … positive contemporaneous association between inflation and the level of tax burdens. We examine the empirical validity of this …