Fiscal Revenue, Inflationary Finance and Growth /
This paper analyzes the optimal rate of monetary expansion when government resorts to inflationary finance to generate additional investment for enhancing growth. If there are lags in tax collection, an increase in inflation erodes real fiscal revenue, thereby worsening the current balance while red...
| Autor Principal: | |
|---|---|
| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
1992.
|
| Series: | IMF Working Papers; Working Paper ;
No. 1992/023 |
| Acceso en liña: | Full text available on IMF |