Optimal inflation and the government revenue mix

Eran Yashiv

doi:10.1016/0165-1765(89)90189-4

Optimal inflation and the government revenue mix

Eran Yashiv^*

^*Corresponding author for this work

Hebrew University of Jerusalem

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

This paper examines the question of optimal inflation and taxation as a government optimal control problem. By inclusion of bond finance and portfolio decisions by private agents in a perfect foresight framework it is shown that: (i) optimal steady state inflation is independent of government revenue requirements, (ii) inflation and tax rates do not necessarily move together in optimum.

Original language	English
Pages (from-to)	151-154
Number of pages	4
Journal	Economics Letters
Volume	31
Issue number	2
DOIs	https://doi.org/10.1016/0165-1765(89)90189-4
State	Published - Dec 1989
Externally published	Yes

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Optimal inflation and the government revenue mix

Abstract

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