Phrase guide
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noun
A phenomenon in which a period of high inflation in a country which results in a decline in the volume of tax collection and a deterioration of real tax proceeds being collected by the government of that country.
Definition source: English Wiktionary via Wiktextract
Topics: economics, sciences
No example sentence was provided for this meaning.
Synonyms: Olivera-Tanzi effect
Antonyms: none provided
History
Named after Italian economist Vito Tanzi who explained the effect in 1977.
