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 …

solutions, all have failed as these attempts implicitly assume perfectly-correct inflation statistics. Examining these … assumptions, we discover that not only are the inflation numbers materially flawed, but more so, there are significant incentives … for government entities to under-report inflation. With this, we find that to explain the Equity Premium Puzzle, inflation …

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 …

with inflation performance. …

When taxes do not sufficiently adjust to government debt levels, the Fiscal Theory of the Price Level predicts that … other variables, such as inflation and output gap, must adjust to ensure the solvency of public finances. We study the role …-off between inflation and output gap: The Persistence, Discounting and Hedging channels. Our findings, based on a rich prior …

This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …