IDEAS home Printed from https://ideas.repec.org/a/aea/jeclit/v18y1980i3p1025-49.html
   My bibliography  Save this article

Inflation and Taxation: Reviewing the Macroeconomic Issues

Author

Listed:
  • Nowotny, Ewald

Abstract

No abstract is available for this item.

Suggested Citation

  • Nowotny, Ewald, 1980. "Inflation and Taxation: Reviewing the Macroeconomic Issues," Journal of Economic Literature, American Economic Association, vol. 18(3), pages 1025-1049, September.
    • Handle: RePEc:aea:jeclit:v:18:y:1980:i:3:p:1025-49
    as

    Download full text from publisher

    File URL: http://www.jstor.org/fcgi-bin/jstor/listjournal.fcg/00220515/.11-.20
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Martin Feldstein & Lawrence Summers, 1983. "Inflation, Tax Rules, and the Long-term Interest Rate," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 153-185, National Bureau of Economic Research, Inc.
    2. Martin Feldstein, 1983. "Inflation, Income Taxes, and the Rate of Interest: A Theoretical Analysis," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 28-43, National Bureau of Economic Research, Inc.
    3. Henry C. Wallich & Sidney Weintraub, 1971. "A Tax-Based Incomes Policy," Journal of Economic Issues, Taylor & Francis Journals, vol. 5(2), pages 1-19, June.
    4. Aaron, Henry J, 1976. "Inflation and the Income Tax," American Economic Review, American Economic Association, vol. 66(2), pages 193-199, May.
    5. Martin Feldstein & Jerry Green & Eytan Sheshinski, 1983. "Inflation and Taxes in a Growing Economy with Debt and Equity Finance," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 44-60, National Bureau of Economic Research, Inc.
    6. Maital, Shlomo, 1972. "Inflation, Taxation and Equity," Economic Journal, Royal Economic Society, vol. 82(325), pages 158-169, March.
    7. Levi, Maurice D & Makin, John H, 1979. "Fisher, Phillips, Friedman and the Measured Impact of Inflation on Interest," Journal of Finance, American Finance Association, vol. 34(1), pages 35-52, March.
    8. Eisner, Robert, 1969. "Fiscal and Monetary Policy Reconsidered," American Economic Review, American Economic Association, vol. 59(5), pages 897-905, December.
    9. Robert W. Crandall, 1978. "Federal Government Initiatives to Reduce the Price Level," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 9(2), pages 401-452.
    10. Martin Feldstein & Lawrence Summers, 1983. "Inflation and the Taxation of Capital Income in the Corporate Sector," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 116-152, National Bureau of Economic Research, Inc.
    11. Hartman, David G, 1979. "Taxation and the Effects of Inflation on the Real Capital Stock in an Open Economy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(2), pages 417-425, June.
    12. Michael C. Lovell, 1978. "The Profit Picture: Trends and Cycles," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 9(3), pages 769-789.
    13. Trevithick, James A, 1975. "Keynes, Inflation and Money Illusion," Economic Journal, Royal Economic Society, vol. 85(337), pages 101-113, March.
    14. Robert J. Gordon, 1971. "Inflation in Recession and Recovery," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 2(1), pages 105-166.
    15. Teruo Hirao & Carlos A. Aguirre, 1970. "Maintaining the Level of Income Tax Collections under Inflationary Conditions (Maintien du niveau de recouvrement des impôts sur le revenu en période inflationniste) (El mantenimiento del nivel de r," IMF Staff Papers, Palgrave Macmillan, vol. 17(2), pages 277-325, July.
    16. Bach, G L & Stephenson, James B, 1974. "Inflation and the Redistribution of Wealth," The Review of Economics and Statistics, MIT Press, vol. 56(1), pages 1-13, February.
    17. Isard, Peter, 1973. "The Effectiveness of Using the Tax System to Curb Inflationary Collective Bargains: An Analysis of the Wallich-Weintraub Plan," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 729-740, May-June.
    18. Landskroner, Yoram & Levy, Haim, 1979. "Inflation, depreciation and optimal production," European Economic Review, Elsevier, vol. 12(4), pages 353-367, October.
    19. D.A.L. Auld, 1977. "Taxation and Inflation: A Survey of Recent Theory and Empirical Evidence," Public Finance Review, , vol. 5(4), pages 403-418, October.
    20. Diamond, P. A., 1975. "Inflation and the comprehensive tax base," Journal of Public Economics, Elsevier, vol. 4(3), pages 227-244, August.
    21. Radian, Alex, 1979. "On the differences between the political economy of introducing and implementing tax reforms -- Israel 1975-1978," Journal of Public Economics, Elsevier, vol. 11(2), pages 261-271, March.
    22. Jacob Viner, 1923. "Taxation and Changes in Price Levels," Journal of Political Economy, University of Chicago Press, vol. 31, pages 494-494.
    23. Hamada, Robert S, 1979. "Financial Theory and Taxation in an Inflationary World: Some Public Policy Issues," Journal of Finance, American Finance Association, vol. 34(2), pages 347-369, May.
    24. Joseph J. Minarik, 1979. "Who Wins, Who Loses from Inflation?," Challenge, Taylor & Francis Journals, vol. 21(6), pages 26-31, January.
    25. John B. Shoven & Jeremy I. Bulow, 1976. "Inflation Accounting and Nonfinancial Corporate Profits: Financial Assets and Liabilities," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 7(1), pages 15-66.
    26. Laurence S. Seidman, 1976. "A New Approach to the Control of Inflation," Challenge, Taylor & Francis Journals, vol. 19(3), pages 39-43, July.
    27. Robert J. Gordon, 1972. "Wage-Price Controls and the Shifting Phillips Curve," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 3(2), pages 385-421.
    28. Laurence S. Seidman, 1978. "Tax-Based Incomes Policies," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 9(2), pages 301-361.
    29. Marty, Alvin L, 1978. "Inflation, Taxes, and the Public Debt," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 10(4), pages 437-452, November.
    30. Friedman, Milton, 1971. "Government Revenue from Inflation," Journal of Political Economy, University of Chicago Press, vol. 79(4), pages 846-856, July-Aug..
    31. Kotowitz, Yehuda & Portes, Richard, 1974. "The `tax on wage increases' : A theoretical analysis," Journal of Public Economics, Elsevier, vol. 3(2), pages 113-132, May.
    32. Pitchford, John D & Turnovsky, Stephen J, 1975. "Income Distribution and Taxes in an Inflationary Context," Economica, London School of Economics and Political Science, vol. 42(167), pages 272-282, August.
    33. John A. Tatom & James E. Turley, 1979. "Inflation and taxes: disincentives for capital formation," Monograph, Federal Reserve Bank of New York, number 1979iadfc.
    34. Milton Friedman & Herbert Giersch & William Fellner, 1974. "Essays on Inflation and Indexation," Books, American Enterprise Institute, number 919189, September.
    35. Eisner, Robert, 1971. "What Went Wrong?," Journal of Political Economy, University of Chicago Press, vol. 79(3), pages 629-641, May-June.
    36. John Pitchford & Stephen J. Turnovsky, 1976. "Some Effects of Taxes on Inflation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 523-539.
    37. Brechling, Frank & Utgoff, Kathleen Classen, 1979. "Taxes and inflation," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 11(1), pages 223-248, January.
    38. Arthur M. Okun, 1977. "The Great Stagflation Swamp," Challenge, Taylor & Francis Journals, vol. 20(5), pages 6-13, November.
    39. Patrick Grady & Donald R. Stephenson, 1977. "Some Macroeconomic Effects of Tax Reform and Indexing," Canadian Journal of Economics, Canadian Economics Association, vol. 10(3), pages 378-392, August.
    40. Birati, Assa & Cukierman, Alex, 1979. "The redistributive effects of inflation and of the introduction of a real tax system in the U.S. bond market," Journal of Public Economics, Elsevier, vol. 12(1), pages 125-139, August.
    41. Turnovsky, Stephen J, 1974. "On the Role of Inflationary Expectations in a Short-Run Macro-Economic Model," Economic Journal, Royal Economic Society, vol. 84(334), pages 317-337, June.
    42. C. N. Caton, 1977. "Some Macro‐Economic Implications of Indexation of Personal Income Taxes," The Economic Record, The Economic Society of Australia, vol. 53(2), pages 137-148, June.
    43. Vito Tanzi, 1977. "Inflation, Lags in Collection, and the Real Value of Tax Revenue (L'inflation, les retards de recouvrement et la valeur réelle des recettes fiscales) (Inflación, desfases en la recaudación y valor ," IMF Staff Papers, Palgrave Macmillan, vol. 24(1), pages 154-167, March.
    44. Mieszkowski, Peter, 1969. "Tax Incidence Theory: The Effects of Taxes on the Distribution of Income," Journal of Economic Literature, American Economic Association, vol. 7(4), pages 1103-1124, December.
    45. Robert Mundell, 1963. "Inflation and Real Interest," Journal of Political Economy, University of Chicago Press, vol. 71, pages 280-280.
    46. Laurence S. Seidman, 1978. "Would Tax Shifting Undermine the Tax-Based Incomes Policy?," Journal of Economic Issues, Taylor & Francis Journals, vol. 12(3), pages 647-676, September.
    47. Johnston, J & Timbrell, M, 1973. "Empirical Tests of a Bargaining Theory of Wage Rate Determination," The Manchester School of Economic & Social Studies, University of Manchester, vol. 41(2), pages 141-167, June.
    48. Hong, Hai, 1977. "Inflation and the Market Value of the Firm: Theory and Tests," Journal of Finance, American Finance Association, vol. 32(4), pages 1031-1048, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arsoy, Aylin Poroy & Gucenme, Umit, 2009. "The development of inflation accounting in Turkey," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 20(5), pages 568-590.
    2. Andrew Coleman, 2008. "Tax, Credit Constraints, and the Big Costs of Small Inflation," Working Papers 08_14, Motu Economic and Public Policy Research.
    3. Dubravko Mihaljek, 2023. "Inflation and public finances: an overview," Public Sector Economics, Institute of Public Finance, vol. 47(4), pages 413-430.
    4. Herwig Immervoll, 2006. "Fiscal Drag – An Automatic Stabiliser?," Research in Labor Economics, in: Micro-Simulation in Action, pages 141-163, Emerald Group Publishing Limited.
    5. Isabel Argimón & José Manuel González-Páramo, 1987. "Una medición de la rémora inflacionaria del IRPF: 1979-1985," Investigaciones Economicas, Fundación SEPI, vol. 11(2), pages 345-366, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mihir A. Desai & James R. Hines, Jr., 1999. "Excess Capital Flows and the Burden of Inflation in Open Economies," NBER Chapters, in: The Costs and Benefits of Price Stability, pages 235-272, National Bureau of Economic Research, Inc.
    2. Sinn, Hans-Werner, 1991. "The non-neutrality of inflation for international capital movements," European Economic Review, Elsevier, vol. 35(1), pages 1-22, January.
    3. Darrel Cohen & Kevin Hassett & R. Glenn Hubbard, 1999. "Inflation and the User Cost of Capital: Does Inflation Still Matter?," NBER Chapters, in: The Costs and Benefits of Price Stability, pages 199-234, National Bureau of Economic Research, Inc.
    4. Martin Feldstein & Lawrence Summers, 1983. "Inflation and the Taxation of Capital Income in the Corporate Sector," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 116-152, National Bureau of Economic Research, Inc.
    5. Bergström, Villy & Södersten, Jan, 1979. "Inflation, Taxation and Capital Cost," Working Paper Series 19, Research Institute of Industrial Economics.
    6. Martin Feldstein, 1982. "The Fiscal Framework of Monetary Policy," NBER Working Papers 0966, National Bureau of Economic Research, Inc.
    7. Ronald G. Bodkin, 1981. "The Challenge of Inflation and Unemployment in Canada during the 1980s: Would a Tax-Based Incomes Policy Help?," Canadian Public Policy, University of Toronto Press, vol. 7(s1), pages 204-214, July.
    8. Sellin, Peter, 1998. "Monetary Policy and the Stock Market: Theory and Empirical Evidence," Working Paper Series 72, Sveriges Riksbank (Central Bank of Sweden).
    9. Lawrence H. Summers, 1981. "Inflation and the Valuation of Corporate Equities," NBER Working Papers 0824, National Bureau of Economic Research, Inc.
    10. Stanley Fischer & Franco Modigliani, 1978. "Towards an understanding of the real effects and costs of inflation," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 114(4), pages 810-833, December.
    11. Oswald, Andrew J, 1984. "Three Theorems on Inflation Taxes and Marginal Employment Subsidies," Economic Journal, Royal Economic Society, vol. 94(375), pages 599-611, September.
    12. Karen K. Lewis & Martin D. Evans, 1992. "Do Expected Shifts in Inflation Policy Affect Real Rates?," NBER Working Papers 4134, National Bureau of Economic Research, Inc.
    13. Peter Sellin, 2001. "Monetary Policy and the Stock Market: Theory and Empirical Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 15(4), pages 491-541, September.
    14. Anari, Ali & Kolari, James, 2019. "The Fisher puzzle, real rate anomaly, and Wicksell effect," Journal of Empirical Finance, Elsevier, vol. 52(C), pages 128-148.
    15. Martin Feldstein, 1983. "Fiscal Policies, Inflation, and Capital Formation," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 61-80, National Bureau of Economic Research, Inc.
    16. Joel B. Slemrod, 1983. "A General Equilibrium Model of Taxation with Endogenous Financial Behavior," NBER Chapters, in: Behavioral Simulation Methods in Tax Policy Analysis, pages 427-458, National Bureau of Economic Research, Inc.
    17. Auerbach, Alan J, 1979. "Inflation and the Choice of Asset Life," Journal of Political Economy, University of Chicago Press, vol. 87(3), pages 621-638, June.
    18. Suleman A. Moosa, 1980. "Inflation And Common Stock Prices," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 3(2), pages 115-128, June.
    19. Martin Feldstein, 1983. "Inflation, Tax Rules, and the Stock Market," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 199-220, National Bureau of Economic Research, Inc.
    20. Sebastian Beer & Mark Griffiths & Alexander Klemm, 2023. "Tax distortions from inflation: What are they? How to deal with them?," Public Sector Economics, Institute of Public Finance, vol. 47(3), pages 353-386.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:jeclit:v:18:y:1980:i:3:p:1025-49. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.