| Description |
1 online resource (iii, 22 pages) : illustrations |
| Series |
IMF working paper ; WP/90/48 |
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IMF working paper ; WP/90/48.
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| Summary |
Annotation This paper analyzes the erosion of fiscal revenue by inflation resulting from the issuance of money. the empirical evidence for a number of developing countries supports the well-known hypothesis that an increase in inflation will result in a fall in real fiscal revenue because of collection lags, thereby possibly widening the fiscal deficit. As such, attempts to generate resources to finance government expenditures via the inflation tax will involve a loss in other revenues, making this form of taxation even less desirable |
| Notes |
Available in PDF, ePUB, and Mobi formats on the Internet |
|
Corrigenda page dated June 8, 1990 attached |
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Corrected pages 1, 3, 9, and 16 are inserted |
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Online resource; title from PDF title page (IMF, viewed September 11, 2014) |
| Subject |
Revenue -- Developing countries -- Effect of inflation on
|
|
Developing countries.
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| Form |
Electronic book
|
| Author |
International Monetary Fund, issuing body.
|
| ISBN |
1455238260 |
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9781455238262 |
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