Optimal Inflation to Reduce Inequality

A program to reduce inequality

A program to reduce inequality During development, cells must differentiate to form diverse tissues, a process that is often set in motion by the unequal segregation of key factors during mitosis. Once a tissue has been specifi ed, however, its constituent cells must remain similar to each other, even as they continue to divide and, by chance, segregate their components unequally to their daugh...

Provide an optimal audit model to reduce fraudulent financial reporting

Fraud in financial reporting and accounting has grown significantly in recent years due to the financial crises created in companies, so that fraud has become a political and economic issue and today the legislature, the accounting profession and the causes The creation of fraud in it as well as the ways to deal with fraudulent behavior in financial statements have received special attention. T...

Financial Market Policies to Reduce Income Inequality

1 The study employs the Deininger and Squire (1996) set of Gini coefficients for 49 developed and developing countries from 1947-94. It uses five-year averages of these and all explanatory variable data. Previous chapters of this report have emphasized the role of factor prices, and particularly the wages of unskilled workers, as a key determinant of income inequality. Through their impact on f...

Inflation Band Targeting and Optimal Inflation Contracts

Inflation Aversion and the Optimal Inflation Tax

The optimal inflation tax is reexamined in the framework of dynamic second best economy populated by individuals with inflation aversion. A simple formula for the optimal inflation rate is derived. Different from the literature, it is shown that if the marginal excess burden of other distorting taxes approaches zero, Friedman’s rule for optimum quantity of money is not optimal, and the optimal ...