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https://hdl.handle.net/2142/85619
Description
Title
Essays in Dynamic Economies
Author(s)
Bugarin, Mirta N.S.
Issue Date
1997
Doctoral Committee Chair(s)
Anne Villamil
Department of Study
Economics
Discipline
Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Economics, Theory
Language
eng
Abstract
The 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.
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