Optimal Monetary Policy and Interest Income Taxation

dc.contributor.authorAraújo, Eurilton
dc.coverage.cidadeSão Paulopt_BR
dc.coverage.paisBrasilpt_BR
dc.creatorAraújo, Eurilton
dc.date.accessioned2023-07-14T02:48:51Z
dc.date.available2023-07-14T02:48:51Z
dc.date.issued2008
dc.description.abstractThis paper studies optimal discretionary monetary policy when the basic new Keynesian model is extended to incorporate interest income taxation. The elasticities of ináation and the output gap to supply and demand shocks are increasing functions of the tax rate. Moreover, numerical simulations show that high levels of taxation increase ináation volatility, the output gap volatility and the unconditional expectation of the central bankís loss function.
dc.description.otherThis paper studies optimal discretionary monetary policy when the basic new Keynesian model is extended to incorporate interest income taxation. The elasticities of ináation and the output gap to supply and demand shocks are increasing functions of the tax rate. Moreover, nu merical simulations show that high levels of taxation increase ináation volatility, the output gap volatility and the unconditional expectation of the central bankís loss function.pt_BR
dc.format.extent17 p.pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.issueBEWP 037/2008
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/5770
dc.language.isoInglêspt_BR
dc.publisherInsperpt_BR
dc.publisherIBMEC São Paulopt_BR
dc.relation.ispartofseriesInsper Working Paperpt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITORpt_BR
dc.subject.keywordsmonetary policypt_BR
dc.subject.keywordsinterest income taxationpt_BR
dc.subject.keywordsdiscretionpt_BR
dc.titleOptimal Monetary Policy and Interest Income Taxationpt_BR
dc.typeworking paper
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeWorking Paperpt_BR

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