Three Theorems on Inflation Taxes and Marginal Employment Subsidies
在很弱的假设下证明通胀税会降低长期均衡工资或价格，边际就业补贴会提高长期均衡就业水平，并在特殊情况下两者等价。
The paper studies the micro-economics of inflation taxes and marginal employment subsidies. It proves that under very weak assumptions (i) an inflation tax will reduce the long-run equilibrium wage or price and (ii) that a marginal employment subsidy will raise the longrun equilibrium employment level. The theorems are illustrated with examples. The paper also prove's (iii) that in special circumstances a tax on inflation is exactly equivalent to a marginal employment subsidy.