Explosive Hyperinflation, Inflation-Tax Laffer Curve, and Modeling the Use of Money
نویسندگان
چکیده
منابع مشابه
Explosive Hyperinflation, Inflation Tax Laffer Curve and Modeling the Use of Money∗
This paper analyzes the existence of an inflation tax Laffer curve (ITLC) in the context of two standard optimizing monetary models: a cash-in-advance model and a money in the utility function model. Agents’ preferences are characterized in the two models by a constant relative risk aversion utility function. Explosive hyperinflation rules out the presence of an ITLC. In the context of a cash-i...
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ژورنال
عنوان ژورنال: Journal of Institutional and Theoretical Economics JITE
سال: 2004
ISSN: 0932-4569,0000-0000
DOI: 10.1628/0932456041438786