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Working Paper

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

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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.
02.01.1991ISSN 2573-7953 WP 91-02DOI 10.26509/frbc-wp-199102

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

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