On the Almost Neutrality of Inflation: Notes on Taxation and the Welfare Costs of Inflation
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In this paper I attempt to clarify the nature of the losses associated with inflation within a conventional model of a competitive economy. I shall argue that were inflation fully anticipated, it would be "almost neutral" provided (a) that the tax system were fully indexed and (b) that interest were
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美国国家经济研究局创建时间：
1980-07-01
