Huerta, Gutiérrez; José, María; Vázquez Pérez, Jesús - Departamento de Fundamentos del Análisis Económico … - 2002
This paper analyzes the existence of an inflation tax Laffer curve (ITLC) in the context of two standard optimizing monetary models: a cash-in-advance model and a money in the utility function model. Agents٠preferences are characterized in the two models by a constant relative risk aversion...