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The optimal inflation tax in the presence of currency substitution
10 references·11 citing·41 second hop
The optimal inflation tax in the presence of currency substitution (1989)The optimal inflation tax in the presence…Government Spending and Inflationary Finance: A Public Finance Approach (1989)Government Spending and Infla…Economic policy in theory and practice (1988)Economic policy in theory and…The optimum quantity of money rule in the theory of public finance (1986)The optimum quantity of money…Currency Substitution in Argentina, Mexico, and Uruguay (Substitution de monnaie en Argentine, au Mexique et en Uruguay) (Sustitucion de moneda en Argentina, Mexico y Uruguay) (1985)Currency Substitution in Arge…Financial policies and the world capital market: The problem of latin American countries (1984)Financial policies and the wo…Seigniorage and the Case for a National Money (1982)Seigniorage and the Case for …INFLATION 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…Inflation and Disinflation in Turkey (2018)Inflation and Disinflation in…OPTIMAL INFLATION TAX AND STRUCTURAL REFORM (2003)OPTIMAL INFLATION TAX AND STR…Currency Substitution in Russia (2001)Currency Substitution in Russ…Time Consistent Collection of Optimal Seigniorage: A Unifying Framework (1997)Time Consistent Collection of…GMM Estimates of Currency Substitution between the Canadian Dollar and the U.S. Dollar (1994)GMM Estimates of Currency Sub…Currency substitution in Turkey (1994)Currency substitution in Turk…Currency Substitution under Nonexpected Utility: Some Empirical Evidence (1993)Currency Substitution under N…Foreign Currency Deposits and the Demand for Money in Developing Countries (1992)Foreign Currency Deposits and…Currency Substitution and Inflation in Peru (1992)Currency Substitution and Inf…Dollarization in Latin America (1991)Dollarization in Latin AmericaThe Optimal Mix Of Taxes on Money, Consumption and IncomeThe Optimal Mix Of Taxes on M…THE WELFARE COST OF INFLATIONARY FINANCE (1956)Durability of Consumption Goods (1970)Government Revenue from Inflation (1971)Time Consistency of Fiscal and Monetary Policy (1987)Macroeconomic Features of the French Revolution (1995)Fixed versus flexible exchange rates: Which provides more fiscal discipline? (2000)A Contribution to the Theory of Taxation (1927)Essays in Positive Economics (1954)Economic and Monetary Union in Europe (1992)Fiscal Policy and Long-Run Growth (1997)Optimal Taxation and Public Production I: Production Eficiency (2016)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)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)Optimal Taxation and Public Production II: Tax Rules (2016)A Model of Exchange Rate Determination under Currency Substitution and Rational Expectations (1977)Currency Substitution, Flexible Exchange Rates, and Monetary Independence (1978)Currency Substitution and Instability in the World Dollar Standard: Comment (1983)Credibility and the Dynamics of Stabilization Policy (1990)Foreign Currency Deposits and the Demand for Money in Developing Countries (1992)Financial services provision and prevention of financial exclusion (2007)The impact of government deficits on money growth in developing countries (1990)High Inflation and the Nominal Anchors of an Open Economy (1993)Current account dynamics and expected future budget deficits: some international evidence (2000)Currency Substitution in Developing Countries (1992)A growth model of inflation, tax evasion, and financial repression (1995)The microfoundations of economic sanctions (1997)The political economy of seigniorage (2008)Globalisation and Developing Countries – a Shrinking Tax Base? (2009)Taxing the unobservable: The impact of the shadow economy on inflation and taxation (2016)Growth-Oriented Adjustment Programs (1987)Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime (1999)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)
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References

  • 1978On the Time Consistency of Optimal Policy in a Monetary Economy807 cited
  • 1973Inflation in the Theory of Public Finance410 cited
  • 1982Seigniorage and the Case for a National Money363 cited
  • 1979INFLATION IN THE THEORY OF PUBLIC FINANCE336 cited
  • 1986The optimum quantity of money rule in the theory of public finance211 cited
  • 1974The Honest Government's Guide to the Revenue from the Creation of Money138 cited
  • 1985Currency Substitution in Argentina, Mexico, and Uruguay (Substitution de monnaie en Argentine, au Mexique et en Uruguay) (Sustitucion de moneda en Argentina, Mexico y Uruguay)118 cited
  • 1984Financial policies and the world capital market: The problem of latin American countries106 cited
  • 1988Economic policy in theory and practice99 cited
  • 1989Government Spending and Inflationary Finance: A Public Finance Approach69 cited

Cited by

  • 2003OPTIMAL INFLATION TAX AND STRUCTURAL REFORM58 cited
  • 1994Currency substitution in Turkey54 cited
  • 1994GMM Estimates of Currency Substitution between the Canadian Dollar and the U.S. Dollar49 cited
  • 2018Inflation and Disinflation in Turkey45 cited
  • 1991Dollarization in Latin America

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42 cited
  • 1993Currency Substitution under Nonexpected Utility: Some Empirical Evidence38 cited
  • 1992Currency Substitution and Inflation in Peru28 cited
  • 2001Currency Substitution in Russia25 cited
  • n.d.The Optimal Mix Of Taxes on Money, Consumption and Income24 cited
  • 1997Time Consistent Collection of Optimal Seigniorage: A Unifying Framework19 cited
  • 1992Foreign Currency Deposits and the Demand for Money in Developing Countries16 cited