How long can inflation tax compensate for the loss of government revenue in war economies?
The paper shows that civil war in Burundi in the 1990s has provoked an unprecedented decline in government revenue. Both foreign aid transfers and revenue from domestic sources dried up, inducing the government to rely more on inflation tax. Using quarterly data covering the period from 1980:1 to 20...
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| Format: | Working paper |
| Language: | English |
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2004
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