On the Almost Neutrality of Inflation: Notes on Taxation and the Welfare Costs of Inflation /
In this paper I attempt to clarify the nature of the losses associated with inflation within a conventional model of a competitive economy. I shall argue that were inflation fully anticipated, it would be "almost neutral" provided (a) that the tax system were fully indexed and (b) that int...
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- Weitere Titel:
- On the Almost Neutrality of Inflation
- 1. Verfasser:
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- Format:
- Elektronisch E-Book
- Sprache:
- Englisch
- Veröffentlicht:
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Cambridge, Mass.
National Bureau of Economic Research
1980.
- Zusammenfassung:
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In this paper I attempt to clarify the nature of the losses associated with inflation within a conventional model of a competitive economy. I shall argue that were inflation fully anticipated, it would be "almost neutral" provided (a) that the tax system were fully indexed and (b) that interest were paid on bank deposits (as to an increasing extent it is in the United States). However, unanticipated inflation may have significant effects.
- Umfang:
- 1 online resource: illustrations (black and white);
- Anmerkungen:
- July 1980.
- Schlagworte: