Tanzi effect

noun

Tanzi effect

noun

Etymology Named after Italian economist Vito Tanzi who explained the effect in 1977.

1

Economics, Sciences 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.

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.