This paper analyzes the erosion of fiscal revenue by inflation resulting from the issuance of money. The empirical … evidence for a number of developing countries supports the well-known hypothesis that an increase in inflation will result in a … generate resources to finance government expenditures via the inflation tax will involve a loss in other revenues, making this …

estimated revenue-eroding effects of inflation within the standard model of inflationary finance. The evidence indicates a wide … the sample countries, appears to have substantially offset gains from the inflation tax, thereby severely restricting the …

as increases the welfare cost of inflation. As such, the optimal rate of monetary expansion, equilibrium capital-labor … additional investment for enhancing growth. If there are lags in tax collection, an increase in inflation erodes real fiscal …