Inflation and nominal tax system in an open economy

摘要: Abstract This paper provides an analysis of the implications interaction between inflation and a tax system which is not fully indexed within context open economy. The model used characterized by perfect foresight, full employment, imperfect substitutability domestic foreign assets, endogenous stock capital. Three distinct channels through increase in rate disturbs initial equilibrium are analysed separately. global effect then discussed with respect to position economy as debtor or creditor rest world. financing public deficit also briefly discussed.