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- W2024574085 abstract "This paper provides an analysis of the implications of the interaction between inflation and a tax system which is not fully indexed within the context of an open economy. The model used is characterized by perfect foresight, full employment, imperfect substitutability between domestic and foreign assets, and an endogenous stock of capital. Three distinct channels through which an increase in the inflation rate disturbs the initial equilibrium are analysed separately. The global effect is then discussed with respect to the position of the economy as debtor or creditor to the rest of the world. The financing of the public deficit is also briefly discussed." @default.
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- W2024574085 date "1984-01-01" @default.
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- W2024574085 title "Inflation and nominal tax system in an open economy" @default.
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- W2024574085 doi "https://doi.org/10.1016/0014-2921(84)90011-4" @default.
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