The Comparison between the Welfare Cost of Seignorage Tax and Consumption Tax: The CIA Approach Iran Case Study

Autor: Mina Shafieizadeh, Rahim Dallali Esfahani, mohammad vaez barazani
Jazyk: perština
Rok vydání: 2015
Předmět:
Zdroj: مدلسازی اقتصادسنجی, Vol 1, Iss 3, Pp 43-65 (2015)
Druh dokumentu: article
ISSN: 2345-654X
2821-2150
DOI: 10.22075/jem.2017.1510
Popis: This study using the CIA model to compare the welfare cost of seigniorage tax and consumption tax for the Iranian economy. Therefore, after a brief discussion of the CIA model is a perfect representation of the model. Finally, the model is calibrated for the economy and the results of the calibration is the following: In the short-term and emergency situation the government needs to finance its budget deficit, welfare cost of finance through seigniorage tax less than the cost of finance welfare through consumption taxes. Long-term and stable situation, seigniorage tax replacement strategy rather than consumption taxes impose costs on society's welfare.
Databáze: Directory of Open Access Journals