Abstract
dc:descriptionThe second essay studies the distributional as well as welfare implication of the inflation tax using a heterogeneous agents growth model that mimics some characteristics of the Brazilian economy. The key findings show that heterogeneity leads to a stronger welfare cost of inflation in terms of aggregate per capita output. Moreover, if the inflation tax is replaced in a revenue neutral way by other alternative distortional income tax regimes, a trade-off between welfare superior and equity improving outcomes becomes apparent.
Degree
thesis:*- Name thesis:degree_name
- Ph.D.
- Level thesis:degree_level
- Dissertation
- Discipline thesis:degree_discipline
- Economics
- Grantor
- University of Illinois at Urbana-Champaign
- Year dc:date
- 2015
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Bugarin, Mirta N.S.
- Contributors dc:contributor
-
- Anne Villamil
Subjects
dc:subject × 1Rights
- Language dc:language
- eng
Identifiers
dc:identifier.*- Identifier
- (MiAaPQ)AAI9812542
- OAI identifier oai:identifier
- oai:www.ideals.illinois.edu:2142/85619