On the Optimal Inflation Rate
收藏NBER2016-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22133
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资源简介：
In our incomplete markets economy financial frictions affect the optimal inflation target. Households choose portfolios consisting of risky (uninsurable) capital and money. Money is a bubbly store of value. The market outcome is constrained Pareto inefficient due to a pecuniary externality. Each
提供机构：
美国国家经济研究局
创建时间：
2016-04-01
