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Working Paper

Inflation, Personal Taxes, and Real Output: A Dynamic Analysis

An examination, using the overlapping-generations approach, of how the interactions between inflation and the nominal taxation of capital income affect the cyclical behavior of the U.S. economy.

Suggested Citation

Altig, David, and Charles T. Carlstrom. 1991. “Inflation, Personal Taxes, and Real Output: A Dynamic Analysis” Federal Reserve Bank of Cleveland, Working Paper No. 91-02. https://doi.org/10.26509/frbc-wp-199102