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Effects of Inflation on Public Revenue and Expenditure

  • F. Neumark
Part of the International Economic Association Series book series (IEA)

Abstract

Some recent publications and official documents referring to the repercussions of inflation on public households create the impression of some sort of roulette gambling, rather than describing an interplay of economic actions and reactions with a more or less predictable outcome. This is a new phenomenon, since in the past the prevailing thought of economists and politicians was the conviction that, eventually, government would come out as the winner in the game. Today, one recognises that striking a balance between budgetary losses and gains from inflationary processes is a very difficult and complicated task. It is not astonishing, therefore, that the results of theoretical and empirical studies on these issues differ considerably.

Keywords

Public Outlay Outstanding Debt Public Revenue Inflationary Process Modern Welfare State 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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    It is impossible to indicate in a short note even the most important studies on the problems dealt with in the present paper. The following list is restricted to a few more recent (and perhaps not everywhere well known) articles which are of particular importance for the question whether government is a net gainer or loser from inflation.Google Scholar
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Copyright information

© International Economic Association 1977

Authors and Affiliations

  • F. Neumark
    • 1
  1. 1.J. W. Goethe — UniversityFrankfurtGermany

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