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Year of publication
Subject
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Inflation tax 377 Inflationssteuer 364 Theorie 236 Theory 236 Inflation 125 inflation tax 104 Monetary policy 90 Geldpolitik 85 Seigniorage 73 Public debt 66 Münzgewinn 63 Öffentliche Schulden 62 inflation 61 monetary policy 49 Optimal taxation 47 Optimale Besteuerung 47 inflation rate 46 price level 42 inflation rates 35 monetary economics 35 high inflation 33 Fiscal policy 32 Finanzpolitik 31 foreign exchange 31 low inflation 30 monetary fund 30 money supply 30 foreign currency 29 lower inflation 29 rate of inflation 29 central bank 27 money growth 26 real interest rates 26 nominal interest rate 25 real interest rate 25 Geldmengensteuerung 24 Monetary targeting 24 USA 24 annual inflation 24 price stability 24
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Online availability
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Free 222 Undetermined 46 CC license 1
Type of publication
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Book / Working Paper 317 Article 176
Type of publication (narrower categories)
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Article in journal 146 Aufsatz in Zeitschrift 146 Working Paper 93 Arbeitspapier 90 Graue Literatur 84 Non-commercial literature 84 Aufsatz im Buch 12 Book section 12 Hochschulschrift 9 Thesis 7 Article 3 Bibliografie enthalten 2 Bibliography included 2 Case study 2 Collection of articles of several authors 2 Dissertation u.a. Prüfungsschriften 2 Fallstudie 2 Sammelwerk 2 Collection of articles written by one author 1 Conference paper 1 Einführung 1 Konferenzbeitrag 1 Lehrbuch 1 Mehrbändiges Werk 1 Mikroform 1 Multi-volume publication 1 Ratgeber 1 Sammlung 1 Textbook 1
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Language
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English 372 Undetermined 84 German 20 Portuguese 6 Spanish 6 Hungarian 4 Slovak 1
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Author
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Reis, Ricardo 16 Teles, Pedro 13 Ait Lahcen, Mohammed 11 Baughman, Garth 11 Bianchi, Francesco 11 Buggenum, Hugo van 11 Melosi, Leonardo 11 Chami, Ralph 10 Cosimano, Thomas F. 10 De Fiore, Fiorella 10 Buiter, Willem H. 9 Végh, Carlos A. 9 Ercolani, Marco G. 8 Haslag, Joseph H. 8 Uribe, Martín 8 Waller, Christopher 8 Bhattacharya, Joydeep 7 Feldstein, Martin S. 7 Fullenkamp, Connel 7 Hilscher, Jens 7 Rabinovich, Stanislav 7 Raviv, Alon 7 Aizenman, Joshua 5 Barbosa, Fernando de Holanda 5 Bordo, Michael D. 5 Craig, Ben R. 5 Du, Wenxin 5 Feldstein, Martin 5 Gillman, Max 5 Kempf, Hubert 5 Peled, Dan 5 Pflueger, Carolin E. 5 Schmitt-Grohé, Stephanie 5 Schreger, Jesse 5 Cooper, Russell 4 Corsetti, Giancarlo 4 Cysne, Rubens Penha 4 Dedola, Luca 4 Ennis, Huberto M. 4 Fischer, Stanley 4
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Institution
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International Monetary Fund (IMF) 57 National Bureau of Economic Research 13 C.E.P.R. Discussion Papers 7 International Monetary Fund 7 Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 7 Banque de France 3 Bureau d'Économie Théorique et Appliquée (BETA), Université de Strasbourg 3 Centre d'Économie de la Sorbonne, Université Paris 1 (Panthéon-Sorbonne) 2 Department of Economics, University of Connecticut 2 EconWPA 2 HAL 2 Institut für Agrarentwicklung in Mittel- und Osteuropa 2 Institut für Weltwirtschaft (IfW) 2 London School of Economics (LSE) 2 Australia / Committee of Inquiry into Inflation and Taxation 1 Birmingham Business School 1 Centre Emile Bernheim, Solvay Brussels School of Economics and Management 1 Centre for Dynamic Macroeconomic Analysis, University of St. Andrews 1 Centre for Economic Performance, LSE 1 Centre for Economic Reform and Transformation, School of Management and Languages 1 Centre for the Study of African Economies 1 Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance 1 Departamento de Fundamentos del Análisis Económico II, Facultad de Ciencias Económicas y Empresariales 1 Department of Economics and Business, Universitat Pompeu Fabra 1 Department of Economics, University of Warwick 1 Escola de Pós-Graduação em Economia <Rio de Janeiro> 1 Federal Reserve Bank of Chicago 1 Federal Reserve Bank of Cleveland 1 Federal Reserve Bank of Minneapolis / Research Department 1 Federal Reserve Bank of Richmond 1 Federal Reserve Bank of San Francisco 1 Federal Reserve System / Board of Governors 1 FinanzBuch Verlag 1 IMF Institute 1 Institute of Economic Research, Kyoto University 1 Instituto Figuerola de Historia y Ciencias Sociales, Universidad Carlos III de Madrid 1 Internationaler Währungsfonds / Fiscal Affairs Department 1 Internationaler Währungsfonds / Monetary and Exchange Affairs Department 1 Kopp Verlag e.K. 1 Közgazdaság-tudományi Intézet, Közgazdaság- és Regionális Tudományi Kutatóközpont 1
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Published in...
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IMF Working Papers 51 NBER working paper series 13 NBER Working Paper 11 Working paper / National Bureau of Economic Research, Inc. 11 Journal of monetary economics 10 Discussion paper / Centre for Economic Policy Research 9 Journal of money, credit and banking : JMCB 8 Macroeconomic dynamics 8 CEPR Discussion Papers 7 MPRA Paper 7 Journal of international money and finance 5 Review of economic dynamics 5 Bayreuther Beiträge zur Volkswirtschaftslehre 4 Economics letters 4 IMF Staff Country Reports 4 IMF working paper 4 IMF working papers 4 Journal of macroeconomics 4 The Canadian journal of economics 4 Finance and economics discussion series 3 Working Papers of BETA 3 Working paper 3 Working papers / Banque de France 3 Working papers / Federal Reserve Bank of Chicago 3 A National Bureau of Economic Research monograph 2 Applied economics 2 CFM discussion paper series 2 Deutsche Steuer-Zeitung : DStZ 2 Discussion paper / Institute of Agricultural Development in Central and Eastern Europe 2 Documents de travail du Centre d'Economie de la Sorbonne 2 Dynamic effects of monetary policy 2 Eastern economic journal 2 Economics - The Open-Access, Open-Assessment E-Journal 2 Economics : the open-access, open-assessment e-journal 2 Economics : the open-access, open-assessment journal 2 Economics Discussion Paper 2 Economics Discussion Papers 2 Economics Discussion Papers / Institut für Weltwirtschaft (IfW) 2 Economics: The Open-Access, Open-Assessment E-Journal 2 Ensaios econômicos 2
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Source
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ECONIS (ZBW) 363 RePEc 120 EconStor 6 BASE 2 USB Cologne (EcoSocSci) 2
Showing 1 - 50 of 493
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An error in the theory of seigniorage
Mach, Petr - In: International journal of economic sciences : IJES 12 (2023) 2, pp. 83-91
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014519793
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Racial Unemployment Gaps and the Disparate Impact of the Inflation Tax
Ait Lahcen, Mohammed; Baughman, Garth; Buggenum, Hugo van - 2023
We study the nonlinearities present in a standard monetary labor search model modified to have two groups of workers facing exogenous differences in the job finding and separation rates. We use our setting to study the racial unemployment gap between Black and white workers in the United States....
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014355010
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Racial Unemployment Gaps and the Disparate Impact of the Inflation Tax
Ait Lahcen, Mohammed; Baughman, Garth; Buggenum, Hugo van - 2023
We study the nonlinearities present in a standard monetary-labor-search model modified to have two groups of workers facing exogenous differences in job finding and separation rates. We use our setting to study the racial unemployment gap between Black and white workers in the United States. A...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014357306
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Racial unemployment gaps and the disparate impact of the inflation tax
Ait Lahcen, Mohammed; Baughman, Garth; Buggenum, Hugo van - 2023
We study the nonlinearities present in a standard monetary labor search model modified to have two groups of workers facing exogenous differences in the job finding and separation rates. We use our setting to study the racial unemployment gap between Black and white workers in the US. A...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014283315
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Racial unemployment gaps and the disparate impact of the inflation tax
Ait Lahcen, Mohammed; Baughman, Garth; Buggenum, Hugo van - 2023
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014284098
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Optimal Taxation of Inflation
Capelle, Damien - 2023
When inflation originates from distributional conflicts, shifts in inflation expectations, or energy price shocks, monetary policy (MP) is a costly stabilization instrument. We show that a tax on inflation policy (TIP), which would require firms to pay a tax proportional to the increase in their...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015058866
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Central Bank Digital Currency, tax evasion, inflation tax, and central bank independence
Kwon, Ohik; Lee, Seungduck; Park, Jaevin - 2020
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012547061
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Financing COVID-19 deficits in fiscally dominant economies : is the monetarist arithmetic unpleasant?
Uribe, Martín - In: East Asian economic review 24 (2020) 4, pp. 417-440
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012620063
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On the welfare cost of inflation in a New Keynesian model with a cash-in-advance constraint : the case of Iran
Ghafar, Abbas Hoseini; Dastjerdi, Rasul Bakhshi; … - In: Iranian economic review : journal of University of Tehran 23 (2019) 3, pp. 749-768
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012153286
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Inflating away the public debt? : an empirical assessment
Hilscher, Jens; Raviv, Alon; Reis, Ricardo - In: The review of financial studies 35 (2022) 3, pp. 1553-1595
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012879000
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Central bank digital currency, tax evasion, and inflation tax
Kwon, Ohik; Lee, Seungduck; Park, Jaevin - In: Economic inquiry 60 (2022) 4, pp. 1497-1519
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013392170
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Inflation, Tax Rules, and the Accumulation of Residential and Nonresidential Capital
Feldstein, Martin S. - 2021
The present paper analyses the effect of the interaction between tax rules and inflation on the size and allocation of the capital stock with particular emphasis on the role of owner-occupied housing. The analysis is developed in the framework of an economy that is in equilibrium and in which a...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013218433
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Nonlinear Unemployment Effects of the Inflation Tax
Ait Lahcen, Mohammed; Baughman, Garth; Rabinovich, Stanislav - 2021
We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using panel data from the OECD, we document three correlations. First, there is a positive long-run relationship between anticipated inflation and unemployment. Second, there is also...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013219614
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Nonlinear Unemployment Effects of the Inflation Tax
Ait Lahcen, Mohammed; Baughman, Garth; Rabinovich, Stanislav - 2021
We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using panel data from the OECD, we document three correlations. First, there is a positive long-run relationship between anticipated inflation and unemployment. Second, there is also...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013223930
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What If Alexander Hamilton Had Been Argentinean? a Comparison of the Early Monetary Experiences of Argentina and the United States
Bordo, Michael D.; Végh, Carlos A. - 2021
The contrast between the early nineteenth century Argentinean experience of high inflation and the American experience of low inflation is interpreted in terms of a dynamic monetary model of optimal taxation. It is argued that the two countries' experiences diverged because of the different...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013235603
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Inflation targeting : how the Federal Reserve abandoned "honest money" for a perpetual inflation tax
Kupiec, Paul H. - 2021
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014380613
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Inflation, Tax Rules, and Investment : Some Econometric Evidence
Feldstein, Martin S. - 2021
This paper presents econometric evidence on the effect of tax incentives on business Investment in the United States in the period from 1953 through1978. The analysis emphasizes that the Interaction of inflation and existing tax rules has contributed substantially to the decline of business...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013249392
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On the Complementarity of Commercial Policy, Capital Controls and Inflation Tax
Aizenman, Joshua - 2021
This paper studies the optimal use of distortive policies aimed at raising a given real revenue, in a general equilibrium framework in which lump-sum taxes are absent. The policies analyzed are an inflation tax,commercial policy, and an implicit tax on capital inflows implemented by capital...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013230614
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Seigniorage and Fixed Exchange Rates : An Optimal Inflation Tax Analysis
Fischer, Stanley - 2021
A country that decides to fix its exchange rate thereby gives up control over its own inflation rate and the determination of the revenue received from seigniorage. If the country goes further and uses a foreign money, it loses all seigniorage. This paper uses an optimal inflation tax approach...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013215367
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Nonlinear unemployment effects of the inflation tax
Ait Lahcen, Mohammed; Baughman, Garth; Rabinovich, Stanislav - 2021 - This version: June 3, 2021
We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using panel data from the OECD, we document three correlations. First, there is a positive long-run relationship between anticipated inflation and unemployment. Second, there is also...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012625516
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Nonlinear unemployment effects of the inflation tax
Ait Lahcen, Mohammed; Baughman, Garth; Rabinovich, Stanislav - 2021 - This version: June 25, 2021
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012609348
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The Optimal Inflation Tax When Taxes are Costly to Collect
De Fiore, Fiorella - 2021
Tax collection costs have been advocated in the literature as a reason to deviate from the Friedman rule, in standard general equilibrium monetary models with flexible prices. This paper shows that there are conditions under which the Friedman rule is optimal despite the presence of collection...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013320305
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The Optimal Mix of Taxes on Money, Consumption and Income
De Fiore, Fiorella; Teles, Pedro - 2021
In this paper we determine the optimal combination of taxes on money, consumption and income in transactions technology models. We show that the optimal policy does not tax money, regardless of whether the government can use the income tax, the consumption tax, or the two taxes jointly. These...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013320521
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Central Bank Digital Currency, Tax Evasion, Inflation Tax, and Central Bank Independence
Kwon, Ohik; Lee, Seungduck; Park, Jaevin - 2021
Can introducing Central Bank Digital Currency (CBDC) improve social welfare? We construct a dual currency model to study whether introducing CBDC with a recordkeeping technology can reduce tax evasion incentives in cash transactions, and further achieve a better allocation than in a cash-only...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013312670
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Nonlinear Unemployment Effects of the Inflation Tax
Rabinovich, Stanislav; Ait Lahcen, Mohammed; Baughman, Garth - 2021
We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using panel data from the OECD, we document three correlations. First, there is a positive long-run relationship between anticipated inflation and unemployment. Second, there is also...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013312973
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Nonlinear Unemployment Effects of the Inflation Tax
Ait Lahcen, Mohammed; Buggenum, Hugo van; Rabinovich, … - 2021
We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using panel data from the OECD, we document three correlations. First, there is a positive long-run relationship between anticipated inflation and unemployment. Second, there is also...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013313142
Saved in:
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Central Bank Digital Currency, Inflation Tax, and Central Bank Independence
Kwon, Ohik - 2020
Can introducing Central Bank Digital Currency (CBDC) improve social welfare? We construct a dual currency model to study whether introducing CBDC with a record- keeping technology can reduce tax evasion incentives, and further achieve a better al- location than in a cash-only economy. In our...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012836306
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Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy
Du, Wenxin - 2020
We document that governments whose local currency debt provides them with greater hedging benefits actually borrow more in foreign currency. We introduce two features into a government's debt portfolio choice problem to explain this finding: risk-averse lenders and lack of monetary policy...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012854689
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Inflating Away the Public Debt? An Empirical Assessment
Hilscher, Jens - 2020
This paper proposes a new method to measure the impact of inflation on the real value of public debt. The distribution of debt debasement is based on two inputs: the distribution of privately-held nominal debt by maturity, for which we provide new estimates, and the distribution of risk-adjusted...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012856605
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Financing COVID-19 Deficits in Fiscally Dominant Economies: Is The Monetarist Arithmetic Unpleasant?
Uribe, Martin - In: East Asian Economic Review (EAER) 24 (2020) 4, pp. 417-440
The coronavirus pandemic of 2019-20 confronted fiscally dominant regimes around the world with the question of whether the large deficits caused by the health crisis should be monetized or financed by issuing debt. The unpleasant monetarist arithmetic of Sargent and Wallace (1981) states that in...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015397988
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Seigniorage and inflation tax in Romania : what is the executive giving up by adopting the Euro?
Bodea, Adrian; Sánchez-Santos, José Manuel - In: Scientific Annals of Economics and Business 67 (2020) 1, pp. 75-91
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012415461
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Inflation, Taxes and Corporate Value – The Dark Side of Real Growth
Friedl, Gunther - 2019
This paper analyzes the combined effect of inflation and taxes on firm value, taking real growth of the firm's investment opportunities into account. Based on a simple model of the firm, our results highlight a hitherto neglected effect of real growth upon firm value. We find real growth,...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012896181
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Inequality and the Inflation Tax
Binder, Carola Conces - 2019
Numerous studies document a positive correlation between inflation and income inequality. I show that this correlation has reversed, most notably in the European economies. More generally, the sign of the correlation depends on the time period and sample of countries. In the literature on the...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012900270
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Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy
Du, Wenxin - 2019
We document that governments whose local currency debt provides them with greater hedging benefits actually borrow more in foreign currency. We introduce two features into a government's debt portfolio choice problem to explain this finding: risk-averse lenders and lack of monetary policy...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012864086
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Inflation, liquidity, and long-run growth
Zhou, Ge - In: Macroeconomic dynamics 23 (2019) 2, pp. 888-906
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012126642
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Nonlinear unemployment effects of the inflation tax
Ait Lahcen, Mohammed; Baughman, Garth; Rabinovich, Stanislav - In: European economic review : EER 148 (2022), pp. 1-35
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013553387
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Olivera, Tanzi, Milošević: why was Avramović's programme adopted?
Popović, Dejan - In: Panoeconomicus 69 (2022) 2, pp. 225-232
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013352735
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Inflation tax in the lab : a theoretical and experimental study of competitive search equilibrium with inflation
Anbarcı, Nejat; Dutu, Richard; Feltovich, Nick - 2013
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010211191
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Monetary theory reversed : virtual currency issuance and the inflation tax
Marchiori, Luca - In: Journal of international money and finance 117 (2021), pp. 1-24
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013284831
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Die Inflation kommt : wie Sie sich schon jetzt schützen
Riße, Stefan - 2021 - Originalausgabe, 1. Auflage
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012498189
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Inflation's role in optimal monetary-fiscal policy
Leeper, Eric M.; Zhou, Xuan - In: Journal of monetary economics 124 (2021), pp. 1-18
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013274217
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Can the Central Bank Alleviate Fiscal Burdens?
Reis, Ricardo - 2017
Central banks affect the resources available to fiscal authorities through the impact of their policies on the public debt, as well as through their income, their mix of assets, their liabilities, and their own solvency. This paper inspects the ability of the central bank to alleviate the fiscal...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012966585
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Can the Central Bank Alleviate Fiscal Burdens?
Reis, Ricardo - 2017
Central banks affect the resources available to fiscal authorities through the impact of their policies on the public debt, as well as through their income, their mix of assets, their liabilities, and their own solvency. This paper inspects the ability of the central bank to alleviate the fiscal...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012948206
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Central bank policies and the debt trap
Orphanides, Athanasios; Ke, T. Tony - 2017
Monetary policy and fiscal dynamics are inexorably linked. When a government faces the risk of getting caught in a high debt trap, debt monetization may become an appealing option. However, independent central banks may be able to allay debt concerns without compromising price stability. One...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011749492
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Can the Central Bank alleviate fiscal burdens?
Reis, Ricardo - 2017
Central banks affect the resources available to fiscal authorities through the impact of their policies on the public debt, as well as through their income, their mix of assets, their liabilities, and their own solvency. This paper inspects the ability of the central bank to alleviate the fiscal...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011704682
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Can the central bank alleviate fiscal burdens?
Reis, Ricardo - 2017
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012171896
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Taxing the unobservable : the impact of the shadow economy on inflation and taxation
Mazhar, Ummad; Méon, Pierre-Guillaume - In: World development : the multi-disciplinary … 90 (2017), pp. 89-103
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011750221
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Sovereign debt portfolios, bond risks, and the credibility of monetary policy
Du, Wenxin; Pflueger, Carolin E.; Schreger, Jesse - 2016
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011544434
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Foreign exchange intervention under policy uncertainty
Adler, Gustavo; Lama C., Ruy; Medina, Juan Pablo - 2016
We study the use of foreign exchange (FX) intervention as an additional policy instrument in an environment with learning, where agents infer the central bank policy rules from its policy actions. Under full information, a central bank focused on stabilizing output and inflation can achieve...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011705491
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Optimal inflation rate in a life-cycle economy
Oda, Takemasa - 2016
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011554917
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