| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w0203
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| 来源ID | Working Paper 0203
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| Taxation, Inflation, and Monetary Policy |
| Eytan Sheshinski
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| 发表日期 | 1977-09-01
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| 出版年 | 1977
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| 语种 | 英语
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| 摘要 | Given that application of the principle with full loss offset to all assets is impracticable, we may wish to consider provision of only a partial inflation-exclusion to assets for which it is feasible. The problem is examined in this paper by means of a simple model of anticipated inflation, in which individuals may invest either in assets for which full or partial inflation-exclusion is provided, or in cash, for which no loss offset is allowed. Among other issues, we shall examine the short and long run effects of taxation and of the provision of an inflation deduction on the rate of inflation and on the level of savings. We do not discuss the long-run optimum tax and deduction rates, because it turns out that for a given tax revenue, these instruments are perfect substitutes, i.e. their relative size does not affect the equilibrium configuration. |
| URL | https://www.nber.org/papers/w0203
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/557393
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推荐引用方式
GB/T 7714 |
Eytan Sheshinski. Taxation, Inflation, and Monetary Policy. 1977.
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文件名：
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w0203.pdf
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格式：
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Adobe PDF
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