CURRENCY SUBSTITUTION AND THE OPTIMAL INFLATION TAX

被引：5

作者：

GUIDOTTI, PE ^{[1
]}

VEGH, CA ^{[1
]}

机构：

[1] INT MONETARY FUND,RES DEPT,WASHINGTON,DC 20431

来源：

ECONOMICS LETTERS | 1993年 / 42卷 / 01期

关键词：

D O I：

10.1016/0165-1765(93)90174-B

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

There exist conflicting results on the optimal inflation tax in open economies subject to currency substitution. This paper reconciles the different results and concludes that, except in very special cases, the optimal inflation tax is positive.

引用

页码：65 / 70

页数：6

共 8 条

[1]

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[2]

GUIDOTTI PE, 1988, IN PRESS J MONETARY, V31

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KIMBROUGH, KP .

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[4] THE OPTIMUM QUANTITY OF MONEY RULE IN THE THEORY OF PUBLIC-FINANCE [J].

KIMBROUGH, KP .

JOURNAL OF MONETARY ECONOMICS, 1986, 18 (03) :277-284

[5] INFLATION IN THEORY OF PUBLIC FINANCE [J].

PHELPS, ES .

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[6] THE OPTIMAL INFLATION TAX IN THE PRESENCE OF CURRENCY SUBSTITUTION [J].

VEGH, CA .

JOURNAL OF MONETARY ECONOMICS, 1989, 24 (01) :139-146

[7]

VEGH CA, 1989, CURRENCY SUBSTITUTIO

[8]

WOODFORD M, 1990, HDB MONETARY EC, P1067

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