| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3425 |
| DP3425 Monopoly Power and the Firm's Valuation: A Dynamic Analysis of Short versus Long-Term Policies | |
| Suleyman Basak; Anna Pavlova | |
| 发表日期 | 2002-06-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | We determine the optimal combination of taxes on money, consumption and income in transactions technology models where exogenous government expenditures must be financed with distortionary taxes. We show that the optimal policy does not tax money, regardless of whether the government can use as alternative fiscal instruments an income tax, a consumption tax, or the two taxes jointly. These results are at odds with recent literature. We argue that the reason for this divergence is an inappropriate specification of the transactions technology adopted in the literature. |
| 主题 | International Macroeconomics |
| 关键词 | Friedman rule Inflation tax Transactions technology |
| URL | https://cepr.org/publications/dp3425 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532444 |
| 推荐引用方式 GB/T 7714 | Suleyman Basak,Anna Pavlova. DP3425 Monopoly Power and the Firm's Valuation: A Dynamic Analysis of Short versus Long-Term Policies. 2002. |
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