Can the price level be determined by a requirement that taxes should be paid in money? We study this question in a dynamic endowment economy where households have to pay a money tax of a fixed real value and money enters the economy through government expenditures and open market operations. When government expenditures only consist of purchases of real goods, the price level is bounded from above, but not uniquely determined. A unique price level can be obtained if the government also has access to money transfers, and uses these to fix its expenditure level in nominal terms.

中文翻译：

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货币中需要缴税时的价格水平确定*

价格水平可以通过要求以现金支付税款的要求来确定吗？我们在一个动态的ow赋经济中研究这个问题，在这种经济中，家庭必须缴纳固定的实际价值的货币税，而货币则通过政府支出和公开市场运作进入经济。当政府支出仅包括购买实物时，价格水平是从上方限制的，但不是唯一确定的。如果政府也可以使用汇款，并使用这些来固定其名义支出水平，则可以获得唯一的价格水平。