Macroeconomic Effects of a Tax on Bond Interest Rates
用世代交叠模型分析债券利息税对资本积累和通胀的影响，发现增税可能同时降低资本存量和通胀率，并扩展到小型开放经济讨论外债效应，最后用模拟展示金融自由化的宏观效果。
The effect of taxes on interest earned upon capital accumulation and inflation is discussed within an overlapping generations model. It is shown that an increase in such a tax is likely to reduce both the capital stock and the inflation rate. The model is extended to include the case of a small, open economy, where the effect on the external debt is discussed. Some simulation results demonstrate the magnitude of the effects. The model is used to discuss the macroeconomic effects of financial liberalization. Copyright 1991 by Ohio State University Press.