The Optimal Mix of Inflationary Finance and Commodity Taxation with Collection Lags
Abstract
When there are collection lags in the tax system, inflation reduces real revenues. This is often offered as an argument for less reliance on the inflation tax. But the optimal rates of other taxes should also be reconsidered in the light of collection lags. When this is done, the focus shifts from the revenues (which can be recouped by changing the rates of these taxes) to the associated costs of collection. In a benchmark case where the average costs of collection are constant, the optimal inflation tax is independent of the collection lag.Download Info
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Bibliographic Info
Article provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.
Volume (Year): 38 (1991)
Issue (Month): 3 (September)
Pages: 643-654
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Related research
Keywords:Other versions of this item:
- Avinash K. Dixit, 1990. "The Optimal Mix Of Inflationary Finance And Commodity Taxation With Collection Lags," IMF Working Papers 90/87, International Monetary Fund.
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Vegh, Carlos, 1991.
"Stopping High Inflation: An Analytical Overview,"
MPRA Paper
20175, University Library of Munich, Germany.
- Carlos A. Végh Gramont, 1991. "Stopping High Inflation: An Analytical Overview," IMF Working Papers 91/107, International Monetary Fund.
- Slemrod, Joel & Yitzhaki, Shlomo, 2002.
"Tax avoidance, evasion, and administration,"
Handbook of Public Economics,
in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 3, chapter 22, pages 1423-1470
Elsevier.
- Joel Slemrod & Shlomo Yitzhaki, 2000. "Tax Avoidance, Evasion, and Administration," NBER Working Papers 7473, National Bureau of Economic Research, Inc.
- Patrick Honohan, 1994. "The Fiscal Approach to Financial Intermediation Policy," Papers WP049, Economic and Social Research Institute (ESRI).
- Stefano Battilossi, 2003.
"Capital Mobility And Financial Repression In Italy, 1960-1990: A Public Finance Perspective,"
Working Papers in Economic History
wh030602, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
- Battilossi, Stefano, . "Capital mobility and financial repression in Italy, 1960-1990 : a public finance perspective," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/402, Universidad Carlos III de Madrid.
- Fiorella De Fiore & Pedro Teles, 2002.
"The optimal mix of taxes on money, consumption and income,"
Working Paper Series
WP-02-03, Federal Reserve Bank of Chicago.
- De Fiore, Fiorella & Teles, Pedro, 2003. "The optimal mix of taxes on money, consumption and income," Journal of Monetary Economics, Elsevier, vol. 50(4), pages 871-887, May.
- Fiorella de Fiore & Pedro Teles, 1999. "The Optimal Mix Of Taxes on Money, Consumption and Income," Working Papers w199902, Banco de Portugal, Economics and Research Department.
- De Fiore, Fiorella & Teles, Pedro, 2002. "The Optimal Mix of Taxes on Money, Consumption and Income," CEPR Discussion Papers 3437, C.E.P.R. Discussion Papers.
- Fiorella de Fiore & Pedro Teles, 2002. "The optimal mix of taxes on money, consumption and income," Working Paper Series 135, European Central Bank.
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