Money, Neutrality of Consumption Taxes, and Growth in Intertemporal Optimizing Models

Material type: 文書・図像類

Author: Itaya, Jun-ichi

Publisher: 小樽商科大学ビジネス創造センター

Publication date: 1993-11

Material Format: Digital

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NDC: 345.7

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Note (General)：: This paper considers the effects of a proportional consumption tax with the same rate over time on the real growth path of a monetary economy. The ana...

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Material Type: 文書・図像類
Title: Money, Neutrality of Consumption Taxes, and Growth in Intertemporal Optimizing Models
Author/Editor: Itaya, Jun-ichi
Author Heading: Itaya, Jun-ichi
Publication, Distribution, etc.: 小樽商科大学ビジネス創造センター
Publication Date: 1993-11
Publication Date (W3CDTF): 1993-11
Periodical title: Discussion paper series
No. or year of volume/issue: 8
Volume: 8
Pages: 1-23
Text Language Code: eng
Subject Heading: 経済学
NDC: 345.7
Target Audience: 一般
Note (General): This paper considers the effects of a proportional consumption tax with the same rate over time on the real growth path of a monetary economy. The analysis uses a variety of stylized monetary growth models in which individual's consumption-saving decision is based on intertemporal utility maximization, such as the money-in-utility, transaction-costs, and cash-in-advance models. The first key result is that the neutrality of the consumption tax may or may not be true, depending on the nature or the role of money in the respective models. The second is that the consumption tax is generally superior to the inflation tax (i.e., the monetary growth rate) in terms of steady state welfare when raising a given amount of revenue.
Access Restrictions: 限定公開
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 小樽商科大学 : 小樽商科大学学術成果コレクション