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The optimal rate of inflation and taxation

โœ Scribed by Akira Yakita


Book ID
113213097
Publisher
Elsevier Science
Year
1989
Tongue
English
Weight
838 KB
Volume
38
Category
Article
ISSN
0047-2727

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Costly price adjustment and the optimal
โœ Jerzy D. Konieczny ๐Ÿ“‚ Article ๐Ÿ“… 2007 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 194 KB

## Abstract I analyse the optimal rate of inflation when prices are costly to change. As the costs of price adjustment are the main friction in the model, effects of inflation stem from the accounting role of money. Inflation increases relative price variability and reduces the average product of l