Optimal Taxation of Inflation /
When inflation originates from distributional conflicts, shifts in inflation expectations, or energy price shocks, monetary policy (MP) is a costly stabilization instrument. We show that a tax on inflation policy (TIP), which would require firms to pay a tax proportional to the increase in their pri...
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Format: | Book |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
2023
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Series: | IMF Working Papers; Working Paper ;
No. 2023/254 IMF eLibrary |
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