The Resource Fiscal revenue, inflationary finance and growth, prepared by Nurun N. Choudhry ; authorized for distribution by Peter Wickham

Fiscal revenue, inflationary finance and growth, prepared by Nurun N. Choudhry ; authorized for distribution by Peter Wickham

Label
Fiscal revenue, inflationary finance and growth
Title
Fiscal revenue, inflationary finance and growth
Statement of responsibility
prepared by Nurun N. Choudhry ; authorized for distribution by Peter Wickham
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
This paper analyzes the optimal rate of monetary expansion when government resorts to inflationary finance to generate additional investment for enhancing growth. If there are lags in tax collection, an increase in inflation erodes real fiscal revenue, thereby worsening the current balance while reducing government investment. This impedes capital accumulation as well as increases the welfare cost of inflation. As such, the optimal rate of monetary expansion, equilibrium capital-labor ratio and output are lower while the marginal cost of inflationary finance is higher than they would be without collection lags. Simulations are performed to highlight empirical implications
Member of
Action
digitized
Cataloging source
OCLCE
Illustrations
illustrations
Index
no index present
LC call number
HG3810
LC item number
.I45 no.92/23
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/92/23
Label
Fiscal revenue, inflationary finance and growth, prepared by Nurun N. Choudhry ; authorized for distribution by Peter Wickham
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (page 26)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647037182
Dimensions
unknown
Extent
1 online resource (iii, 26 pages)
File format
one file format
Form of item
online
Isbn
9781455297771
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b37198282
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647037182
  • imf1455297771
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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