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The Optimum Quantity of Money: Theory and Evidence

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NBER1997-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5954
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资源简介:
In this paper we propose a simple and general model for computing the Ramsey optimal inflation tax, which includes several models from the previous literature as special cases. We show that it cannot be claimed that the Friedman rule is always optimal (or always non-optimal) on theoretical grounds.
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1997-03-01
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