Persson, Mats; Persson, Torsten; Svensson, Lars E O - C.E.P.R. Discussion Papers - 1996
The fiscal gains from, and hence the political incentives for, an increase in the inflation rate of ten percentage points may be substantial: Swedish data from 1994 suggests an annual real flow of 3–4% of GDP, or a capitalized value of nearly 100% of GDP. These gains would have arisen mainly...
