Taxation, Inflation, and Interest Rates / Vito Tanzi.

Format:

Book

Government document

Author/Creator:

Tanzi, Vito.

Contributor:

International Monetary Fund.

Series:

Books

Language:

English

Subjects (All):

Taxation--Effect of inflation on.

Taxation.

Interest rates--Effect of inflation on.

Interest rates.

Physical Description:

1 online resource (272 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 1984.

Language Note:

English

Summary:

Edited by Vito Tanzi, Director of the IMF's Fiscal Affairs Department, the book consists of nine studies pertaining to monetary-fiscal links in both closed and open economies.

Contents:

""Contents""; ""Foreword""; ""Acknowledgment""; ""List of Papers""; ""Contributors""; ""Introduction""; ""PART I. OVERVIEW""; ""Chapter 1: Interest Rates and Tax Treatment of Interest Income and Expense""; ""I. Background""; ""II. Tax Treatment of Interest Income and Expense""; ""III. Effects of Taxes and Inflation on Interest Rates""; ""IV. Extensions and Qualifications of the Analysis""; ""V. Concluding Remarks""; ""Appendices""; ""I. Tax Treatment of Interest Income and Interest Payments: An International Survey""; ""II. Financial Sector Framework for Determination of Interest Rates""

""III. Tables 3, 4, and 5 (see below)""""Tables""; ""1. Eight Industrial Countries: Impact of Taxation on Adjustment of Interest Rates to Inflation, 1971-81""; ""2. Level and Volatility of U.S. Interest Rates""; ""3. Selected Industrial Countries: Aspects of Tax Treatment of Interest Income""; ""4. Selected Industrial Countries: Tax Deductibility of Interest Expense of Individuals""; ""5. Selected Industrial Countries: Aspects of Tax Treatment of International Flows of Interest Income""; ""References""; ""PART II. BACKGROUND PAPERS""; ""Survey of the Literature""

""Chapter 2: Recent Literature on the Impact of Taxation and Inflation on Interest Rates""""I. Recent Emphasis in the Literature""; ""II. Interest Rate Determination and the Fisher Effect""; ""III. Effect of Taxation on the Fisher Equation""; ""IV. General Equilibrium Analysis of Inflation, Interest Rates, and Taxation""; ""V. Empirical Tests of the Fisher Effect in the United States""; ""VI. Studies on the Relationship Between Interest Rates and Inflation in Other Countries""; ""VII. Volatility of Interest Rates""; ""VIII. Concluding Comments""; ""IX. Agenda for Research""; ""Appendix""

""Impact of Inflation on Personal and Business Income Tax""""References""; ""Chapter 3: Recent Literature on the Impact of Taxation and Inflation on the International Financial Market""; ""I. Interest Rate Parity""; ""II. Taxation and Interest Rate Parity Under Inflation""; ""III. Concluding Comments and Agenda for Research""; ""References""; ""U.S. Studies""; ""Chapter 4: Level and Volatility of U.S. Interest Rates: Roles of Expected Inflation, Real Rates, and Taxes""; ""I. Theoretical Background""; ""II. Proximate Sources of Interest Rate Movements""; ""III. Behavior of Expected Inflation""

""IV. Behavior of the Expected Real Interest Rate""""V. Some Empirical Tests""; ""VI. Remaining Puzzles Concerning Interest Rates""; ""VII. Concluding Remarks""; ""Tables""; ""1. Means and Standard Deviation of Six-Month U.S. Consumer Price Index Forecasts""; ""2. Interest Rate Equations: Various Time Periods""; ""3. Actual Versus Predicted Values of the Three-Month U.S. Treasury Bill Rate""; ""4. Actual Versus Predicted U.S. Treasury Bill Rate and Velocity Growth Surprises, 1982""; ""Figures""; ""1. Normal Probability Distributions of Expected Future Prices""

""2. Asymmetrical Probability Distributions of Expected Future Prices""

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters and indexes.

Description based on print version record.

ISBN:

9786613719584

9781462390502

1462390501

9781455249763

1455249769

9781280878275

1280878274

9781455229505

1455229504