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Causes and Consequences of Inflation

Author

Listed:
  • Philipp Bagus
  • David Howden
  • Amadeus Gabriel

    (CERIIM - Centre de Recherche en Intelligence et Innovation Managériales - Excelia Group | La Rochelle Business School, CEREGE [Poitiers, La Rochelle] - Centre de recherche en gestion [EA 1722] - UP - Université de Poitiers = University of Poitiers - ULR - La Rochelle Université)

Abstract

While ethical implications of direct taxation systems have recently received renewed attention, a more veiled scheme remains unnoticed: inflation. We overview the causes of inflation and assess its consequences. Salient wealth redistributions are a defining feature of inflation, as savers and fixed income individuals see a relative wealth reduction. While avoiding this “tax” is difficult in many instances due to the primacy of money in a monetary economy, the tax codes of most developed countries allow avoidance techniques to be employed. We analyze three ways that inflation may be avoided in an attempt to preserve personal wealth, as well as the consequences of such practices.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Philipp Bagus & David Howden & Amadeus Gabriel, 2014. "Causes and Consequences of Inflation," Post-Print hal-02634016, HAL.
    • Handle: RePEc:hal:journl:hal-02634016
    DOI: 10.1111/basr.12043
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    Citations

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    Cited by:

    1. Jesús Huerta de Soto & Antonio Sánchez-Bayón & Philipp Bagus, 2021. "Principles of Monetary & Financial Sustainability and Wellbeing in a Post-COVID-19 World: The Crisis and Its Management," Sustainability, MDPI, vol. 13(9), pages 1-11, April.
    2. Thomas Habanabakize & Zandri Dickason-Koekemoer, 2021. "Production and Sales Risks in the Manufacturing Sector: The Role of Electricity Supply, Inflation and Fuel Price Volatility," International Journal of Economics and Financial Issues, Econjournals, vol. 11(6), pages 24-31.
    3. Godfrey Akileng & Eric Nzibonera & Micheal Mutegana, 2019. "The Influence of Foreign Exchange Volatility, Interest Rates on the Stock Performance of Uganda Securities Exchange," Journal of Finance and Investment Analysis, SCIENPRESS Ltd, vol. 8(2), pages 1-1.
    4. Bagus, Philipp & Howden, David, 2016. "Central Bank Balance Sheet Analysis," MPRA Paper 79801, University Library of Munich, Germany.
    5. Víctor I Espinosa & David O Cueva, 2024. "The political economy of fiscal dominance: Evidence from the Chilean government of Salvador Allende," Economic Affairs, Wiley Blackwell, vol. 44(1), pages 118-138, February.

    More about this item

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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