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The optimal inflation tax when money reduces transactions costs
14 references·16 citing·43 second hop
The optimal inflation tax when money reduces transactions costs (1993)The optimal inflation tax when money redu…Optimal Taxation and Public Production II: Tax Rules (2016)Optimal Taxation and Public P…Optimal Taxation and Public Production I: Production Eficiency (2016)Optimal Taxation and Public P…Optimal Fiscal and Monetary Policy: Some Recent Results (1991)Optimal Fiscal and Monetary P…The optimum quantity of money (1990)The optimum quantity of moneyChapter 20 The optimum quantity of money (1990)Chapter 20 The optimum quanti…The optimum quantity of money rule in the theory of public finance (1986)The optimum quantity of money…Principles of fiscal and monetary policy (1986)Principles of fiscal and mone…Functional equivalence between liquidity costs and the utility of money (1986)Functional equivalence betwee…Economics of the Public Sector (1986)Economics of the Public SectorINFLATION IN THE THEORY OF PUBLIC FINANCE (1979)INFLATION IN THE THEORY OF PU…On the Time Consistency of Optimal Policy in a Monetary Economy (1978)On the Time Consistency of Op…The Honest Government's Guide to the Revenue from the Creation of Money (1974)The Honest Government's Guide…Inflation in the Theory of Public Finance (1973)Inflation in the Theory of Pu…Differential Taxation, Public Goods, and Economic Efficiency (1971)Differential Taxation, Public…The Comeback of Inflation as an Optimal Public Finance Tool (2013)The Comeback of Inflation as …Rebalancing Frequency and the Welfare Cost of Inflation (2012)Rebalancing Frequency and the…Stabilization Policies (2011)Stabilization PoliciesThe Optimal Rate of Inflation (2010)The Optimal Rate of InflationInflation Taxation and Welfare with Externalities and Leisure (2007)Inflation Taxation and Welfar…A quantitative analysis of inflation as a tax on the underground economy (2006)A quantitative analysis of in…Taking Intermediation Seriously (2003)Taking Intermediation Serious…The Sub-Optimality of the Friedman Rule and the Optimum Quantity of Money (2001)The Sub-Optimality of the Fri…Optimal Fiscal and Monetary Policy Under Imperfect Competition (2001)Optimal Fiscal and Monetary P…Inflation and Growth: Pecuniary Transactions Costs and Qualitative Equivalence (2000)Inflation and Growth: Pecunia…The Optimal Inflation Tax (1999)The Optimal Inflation TaxThe Optimum Quantity of Money: Theory and Evidence (1997)The Optimum Quantity of Money…How large is the optimal inflation tax? (1994)How large is the optimal infl…Optimality of the Friedman Rule in Economies with Distorting Taxes (1993)Optimality of the Friedman Ru…The inflation discipline of currency substitution (1992)The inflation discipline of c…The Optimal Mix Of Taxes on Money, Consumption and IncomeThe Optimal Mix Of Taxes on M…General Equilibrium Computations of the Marginal Welfare Costs of Taxes in the United States.A Contribution to the Theory of Taxation (1927)Theory of Value (1959)Environmental Taxation and the “Double Dividend:” A Reader’s Guide (1995)State Capacity, Conflict, and Development (2010)The Pure Theory of Public Expenditure (1954)The structure of indirect taxation and economic efficiency (1972)On the Optimal Taxation of Capital Income (1997)Regulating stock externalities under uncertainty (2003)Optimal Departures from Marginal Cost Pricing (2005)An Exploration in the Theory of Optimum Income Taxation (1971)Optimal Taxation in the Presence of Externalities (1975)Redistributive taxation as social insurance (1980)Essays in Positive Economics (1954)Time Consistency of Fiscal and Monetary Policy (1987)Economic and Monetary Union in Europe (1992)Fiscal Policy and Long-Run Growth (1997)Foundations of Economic Analysis (1948)Foundations of Economic Analysis. (1948)The Transactions Demand for Cash: An Inventory Theoretic Approach (1952)A Monetary Explanation of the Equity Premium, Term Premium, and Risk-Free Rate Puzzles (1996)Timing and real indeterminacy in monetary models (2001)On the equivalence of private and public money (2019)An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money (1958)Myopia and Inconsistency in Dynamic Utility Maximization (1973)Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)A Guide to Public Sector Debt and Deficits (1985)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)A Toolkit for Analysing Nonlinear Dynamic Stochastic Models Easily (2001)On the Determination of the Public Debt (1979)Time to Build and Aggregate Fluctuations (1982)Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates? (2000)Macroeconomic Consequences of Remittances (2008)Unconventional Fiscal Policy at the Zero Bound (2011)The Optimum Quantity of Money: and Other Essays (1971)Explaining fiscal policies and inflation in developing countries (1991)Extensive Margins and the Demand for Money at Low Interest Rates (2000)Optimal Fiscal and Monetary Policy: Equivalence Results (2008)The Soft Budget Constraint (1986)Public procurement re-examined (2001)The Provision of Public Goods Under Alternative Electoral Incentives (2001)The Exchange Rate And The Balance of Payments In The Short Run and in The Long Run: A Monetary Approach (1977)When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies (2004)
this work references cited by second hop

References

  • 1986Economics of the Public Sector1,406 cited
  • 2016Optimal Taxation and Public Production I: Production Eficiency1,042 cited
  • 2016Optimal Taxation and Public Production II: Tax Rules939 cited
  • 1978On the Time Consistency of Optimal Policy in a Monetary Economy807 cited
  • 1986Functional equivalence between liquidity costs and the utility of money616 cited
  • 1971Differential Taxation, Public Goods, and Economic Efficiency475 cited
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  • 1990Chapter 20 The optimum quantity of money100 cited

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  • 2006A quantitative analysis of inflation as a tax on the underground economy89 cited
  • 1997

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The Optimum Quantity of Money: Theory and Evidence
84 cited
  • 1999The Optimal Inflation Tax83 cited
  • 1993Optimality of the Friedman Rule in Economies with Distorting Taxes77 cited
  • 2010The Optimal Rate of Inflation65 cited
  • 2003Taking Intermediation Seriously60 cited
  • 2011Stabilization Policies45 cited
  • 2000Inflation and Growth: Pecuniary Transactions Costs and Qualitative Equivalence40 cited
  • 1994How large is the optimal inflation tax?36 cited
  • 1992The inflation discipline of currency substitution34 cited
  • 2012Rebalancing Frequency and the Welfare Cost of Inflation31 cited
  • 2013The Comeback of Inflation as an Optimal Public Finance Tool30 cited
  • 2007Inflation Taxation and Welfare with Externalities and Leisure24 cited
  • n.d.The Optimal Mix Of Taxes on Money, Consumption and Income24 cited
  • 2001The Sub-Optimality of the Friedman Rule and the Optimum Quantity of Money23 cited
  • 2001Optimal Fiscal and Monetary Policy Under Imperfect Competition19 cited