| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w1375
|
| 来源ID | Working Paper 1375
|
| Optimal Taxation by the Monetary Authority |
| Carl E. Walsh
|
| 发表日期 | 1984-06-01
|
| 出版年 | 1984
|
| 语种 | 英语
|
| 摘要 | Reserve requirements imposed against bank deposits, nominal interest payments on bank reserves (or on base money), and inflation can all be viewed as generating tax effects. Any analysis of optimal monetary policy in a steady-state equilibrium needs to consider the simultaneous choice of all the tax instruments controlled by the monetary authority. Such an analysis is carried out in this paper. It is shown that when the tax system is not indexed, the optimal nominal interest rate on the monetary authority's liabilities is likely to be zero. More importantly, any discussion of the payment of interest on reserves and currency must take into account the nature of the tax system and the rate of inflation in a nonindexed economy. |
| 主题 | Macroeconomics
|
| URL | https://www.nber.org/papers/w1375
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558608
|
推荐引用方式
GB/T 7714 |
Carl E. Walsh. Optimal Taxation by the Monetary Authority. 1984.
|
|
文件名：
|
w1375.pdf
|
|
格式：
|
Adobe PDF
|
此文件暂不支持浏览
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
