Inflation, distortionary taxation and the design of monetary policy: the role of social cohesion

H. Prast
Additional contact information
H. Prast: De Nederlandsche Bank

BNL Quarterly Review, 1998, vol. 51, issue 204, 37-53

Abstract: The relationship between central banks and inflation is considered in order to disprove existing studies which state that distortions and inflationary bias occur in the real world. While much attention has been given to the issue in existing studies, no attempt has been made to examine effects of any third factors. Results reveal that inflation is significantly affected by distortionary taxation and that social cohesion leads to price stability in the post Bretton Woods period.

Keywords: Public Finance Activities; Fiscal Policy; Models; Economic aspects; Inflation; Monetary policy (search for similar items in EconPapers)
JEL-codes: E52 G28 (search for similar items in EconPapers)
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10589/10473 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:psl:bnlaqr:1998:13

Ordering information: This journal article can be ordered from
http://www.economiacivile.it

Access Statistics for this article

BNL Quarterly Review is currently edited by Alessandro Roncaglia

More articles in BNL Quarterly Review from Banca Nazionale del Lavoro
Bibliographic data for series maintained by Carlo D'Ippoliti ().