| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5772 |
| 来源ID | Working Paper 5772 |
| Debt, Cash Flow and Inflation Incentives: A Swedish Example | |
| Mats Persson; Torsten Persson; Lars E. O. Svensson | |
| 发表日期 | 1996-09-01 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | The fiscal gains from, and hence the political incentives to, an increase in inflation rate of ten percentage points may be substantial: with Swedish data from 1994, these gains would have been an annual real flow of 3-4 percent of GDP, or a capitalized value of nearly 100 percent of GDP. They would mainly have arisen from the nominalistic features of the tax and transfer systems rather than from the traditional sources: seignorage and real depreciation of the public debt. The welfare costs of such an inflation increase would have been even larger, however, and would thus have reduced net welfare. Possible institutional reforms, aimed at making the political costs of inflation more equal to the social costs, are presented and discussed |
| 主题 | Macroeconomics ; Business Cycles ; Public Economics ; National Fiscal Issues |
| URL | https://www.nber.org/papers/w5772 |
| 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/563260 |
| 推荐引用方式 GB/T 7714 | Mats Persson,Torsten Persson,Lars E. O. Svensson. Debt, Cash Flow and Inflation Incentives: A Swedish Example. 1996. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5772.pdf（1779KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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