Inflationary Finance under Discrepion and Rules
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Inflationary finance involves first, the tax on cash balances from expected inflation, and second, a capital levy from unexpected inflation. From the standpoint of minimizing distortions, these capital levies are attractive, ex post, to the policymaker. In a full equilibrium two conditions hold: 1)
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美国国家经济研究局创建时间：
1982-05-01
