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  • Mihir A. Desai and James R. Hines, Jr., The Costs and Benefits of Price Stability (University of Chicago Press, 1999), chap. 6, https://www.nber.org/books-and-chapters/costs-and-benefits-price-stability/excess-capital-flows-and-burden-inflation-open-economies.

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This paper estimates the efficiency consequences of interactions between nominal tax systems and inflation in open...

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