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The Optimal Inflation Tax

Опубликовано на портале: 27-04-2004
Review of Economic Dynamics. 1999.  Vol. 2 . No. 2. P. 325-346 . 
We determine the second best rule for the inflation tax in monetary general equilibrium models where money is dominated in rate of return. The results in the literature are ambiguous and inconsistent across different monetary environments. We derive and compare the optimal inflation tax solutions across the different environments and find that Friedman's policy recommendation of a zero nominal interest rate is the right one.

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См. также:
Sebastian Edwards, I. Igal Magendzo
NBER Working Paper Series. 2001. 
Athanasios Geromichalos, Juan Manuel Licari, José Suárez-Lledó
Review of Economic Dynamics. 2007.  Vol. 10. No. 4. P. 761-779. 
Francisco Veiga
NIPE Working Papers. 2002. 
William T. Gavin, Finn E. Kydland, Michael R. Pakko
Journal of Monetary Economics. 2007.  Vol. 54. No. 6. P. 1587-1611. 
Michael F. Bryan
Federal Reserve Bank of Cleveland. 1997. 
Наталья Владимировна Шварева
[Статья глоссария]