Fiscal Crisis Resolution: Taxation versus Inflation
نویسندگان
چکیده
منابع مشابه
Fiscal Crisis Resolution: Taxation versus Inflation
The paper presents a model of fiscal and monetary policy that evaluates the tradeoff be tween higher distortionary labor taxation and higher ination in the resolution of fiscal crises. In the model government debt is domestically held and nominal. Data are presented to show that such debt is now at least as important as external government debt in many key emerg ing markets, and that it is a...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.1008788