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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Bibliographic Details
Main Author: Capelle, Damien
Other Authors: Liu, Yang
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 2023
Series:IMF Working Papers; Working Paper ; No. 2023/254
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