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| Author: | Dutkowsky, D. H. |
| Title: | Taxation and monetary aggregation |
| Journal: | Journal of Money, Credit and Banking
1999 : NOV, VOL. 31:4, p, 811-817 |
| Index terms: | Taxation Monetary system Econometric models |
| Language: | eng |
| Abstract: | This study examines the correspondence of the Divisia and currency equivalent measures of money to the optimal aggregate under contemporaneous taxation of interest income. The authors show that although this behavior can violate a condition regarding monetary aggregation under uncertainty and risk aversion, several important results continue to hold. |
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