Collection Lags, Fiscal Revenue and Inflationary Financing: Empirical Evidence and Analysis
April 1, 1991
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Summary
The paper provides empirical evidence on collection lags in major categories of government revenue and analyzes the estimated revenue-eroding effects of inflation within the standard model of inflationary finance. The evidence indicates a wide variation in collection lags among the categories of revenues. The estimated erosion of real fiscal revenue, although varied in the sample countries, appears to have substantially offset gains from the inflation tax, thereby severely restricting the use of this form of taxation in generating resources.
Subject: Economic sectors, Inflation, Monetary base, Money, National accounts, Personal income, Prices, Public enterprises, Revenue administration
Keywords: collection lag, effects of inflation, fiscal revenue, Inflation, inflation revenue, Monetary base, Personal income, Public enterprises, revenue effect, WP
Pages:
22
Volume:
1991
DOI:
Issue:
041
Series:
Working Paper No. 1991/041
Stock No:
WPIEA0411991
ISBN:
9781451976373
ISSN:
1018-5941
