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Olivera–Tanzi effect : ウィキペディア英語版 | Olivera–Tanzi effect The Olivera–Tanzi effect, occasionally called the ''Olivera effect'' or the ''O-T effect'', is an economic situation involving a period of high inflation in a country which results in a decline in the volume of tax collection and a slow deterioration of real tax proceeds being collected by the government of that country.〔 〕 ==Definition of the effect==
The most simple definition of the Olivera–Tanzi effect is as follows. During any period of high inflation, governments upkeep costs for everything rises. However, since inflation hurts both trade and diminishes buying power of the consumer, business revenues fall. The actual real tax proceeds gathered by the government, after adjusting for inflation, will be less than in a period of normal inflation, due to both increased operating costs and decreased tax revenues from businesses.〔 〕
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Olivera–Tanzi effect」の詳細全文を読む
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