ISSN:
1435-8921
Keywords:
E13
;
E62
;
H26
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract When tax payments take place with a considerable time lag, inflation erodes part of their real value, and this loss may be comparable or even surpass the well-known gains from seigniorage. The paper finds that for the economy of Greece, a reduction of inflation will actually raise the total sum of tax collection and seigniorage, thus easing and not aggravating the debt-accumulation process.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01205941