Matches in SemOpenAlex for { <https://semopenalex.org/work/W3123646503> ?p ?o ?g. }
Showing items 1 to 76 of
76
with 100 items per page.
- W3123646503 abstract "In this paper we study the effects of policies of financial repression on long term growth and try to explain why optimizing governments might want to repress the financial sector. We also explain why inflation may be negatively related to growth, even though it does not affect growth directly. We argue that the main reason why governments repress the financial sector is that this sector is the source of easy resources for the public budget The source of revenue stemming from this intervention is modeled through the inflation tax. Our model has the implication that financial development reduces money demand. Hence, if the government allows for financial development the inflation tax base, and the chance to collect seigniorage, is reduced. To the extent that the financial sector increases the efficiency of the allocation of savings to productive investment, the choice of the degree of financial development will have real effects on the saving and investment rate and on the growth rate of the economy. We show that in countries where tax evasion is large the government will optimally choose to repress the financial sector in order to increase seigniorage taxation. This policy will then reduce the efficiency of the financial sector, increase the costs of intermediation, reduce the amount of investment and reduce the steady state rate of growth of the economy. Financial repression will therefore be associated with high tax evasion, low growth and high inflation." @default.
- W3123646503 created "2021-02-01" @default.
- W3123646503 creator A5003225740 @default.
- W3123646503 creator A5023779317 @default.
- W3123646503 date "1992-05-01" @default.
- W3123646503 modified "2023-10-17" @default.
- W3123646503 title "A Growth Model of Inflation, Tax Evasion, and Financial Repression" @default.
- W3123646503 hasPublicationYear "1992" @default.
- W3123646503 type Work @default.
- W3123646503 sameAs 3123646503 @default.
- W3123646503 citedByCount "2" @default.
- W3123646503 countsByYear W31236465032012 @default.
- W3123646503 crossrefType "posted-content" @default.
- W3123646503 hasAuthorship W3123646503A5003225740 @default.
- W3123646503 hasAuthorship W3123646503A5023779317 @default.
- W3123646503 hasConcept C10138342 @default.
- W3123646503 hasConcept C121332964 @default.
- W3123646503 hasConcept C126285488 @default.
- W3123646503 hasConcept C162324750 @default.
- W3123646503 hasConcept C175025494 @default.
- W3123646503 hasConcept C17744445 @default.
- W3123646503 hasConcept C199539241 @default.
- W3123646503 hasConcept C200941418 @default.
- W3123646503 hasConcept C27548731 @default.
- W3123646503 hasConcept C2775841673 @default.
- W3123646503 hasConcept C2778943661 @default.
- W3123646503 hasConcept C2780089521 @default.
- W3123646503 hasConcept C33332235 @default.
- W3123646503 hasConcept C556758197 @default.
- W3123646503 hasConcept C65146658 @default.
- W3123646503 hasConcept C73283319 @default.
- W3123646503 hasConcept C94625758 @default.
- W3123646503 hasConceptScore W3123646503C10138342 @default.
- W3123646503 hasConceptScore W3123646503C121332964 @default.
- W3123646503 hasConceptScore W3123646503C126285488 @default.
- W3123646503 hasConceptScore W3123646503C162324750 @default.
- W3123646503 hasConceptScore W3123646503C175025494 @default.
- W3123646503 hasConceptScore W3123646503C17744445 @default.
- W3123646503 hasConceptScore W3123646503C199539241 @default.
- W3123646503 hasConceptScore W3123646503C200941418 @default.
- W3123646503 hasConceptScore W3123646503C27548731 @default.
- W3123646503 hasConceptScore W3123646503C2775841673 @default.
- W3123646503 hasConceptScore W3123646503C2778943661 @default.
- W3123646503 hasConceptScore W3123646503C2780089521 @default.
- W3123646503 hasConceptScore W3123646503C33332235 @default.
- W3123646503 hasConceptScore W3123646503C556758197 @default.
- W3123646503 hasConceptScore W3123646503C65146658 @default.
- W3123646503 hasConceptScore W3123646503C73283319 @default.
- W3123646503 hasConceptScore W3123646503C94625758 @default.
- W3123646503 hasLocation W31236465031 @default.
- W3123646503 hasOpenAccess W3123646503 @default.
- W3123646503 hasPrimaryLocation W31236465031 @default.
- W3123646503 hasRelatedWork W1501049239 @default.
- W3123646503 hasRelatedWork W1966108091 @default.
- W3123646503 hasRelatedWork W1973682211 @default.
- W3123646503 hasRelatedWork W2008572110 @default.
- W3123646503 hasRelatedWork W2051602636 @default.
- W3123646503 hasRelatedWork W2090221720 @default.
- W3123646503 hasRelatedWork W2152073684 @default.
- W3123646503 hasRelatedWork W2188312844 @default.
- W3123646503 hasRelatedWork W2249922461 @default.
- W3123646503 hasRelatedWork W2765984862 @default.
- W3123646503 hasRelatedWork W3033750827 @default.
- W3123646503 hasRelatedWork W3122162991 @default.
- W3123646503 hasRelatedWork W3122877774 @default.
- W3123646503 hasRelatedWork W3124938953 @default.
- W3123646503 hasRelatedWork W3125043534 @default.
- W3123646503 hasRelatedWork W3125721830 @default.
- W3123646503 hasRelatedWork W3125752776 @default.
- W3123646503 hasRelatedWork W3172320002 @default.
- W3123646503 hasRelatedWork W3199232216 @default.
- W3123646503 hasRelatedWork W459040 @default.
- W3123646503 isParatext "false" @default.
- W3123646503 isRetracted "false" @default.
- W3123646503 magId "3123646503" @default.
- W3123646503 workType "article" @default.