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Optimal Inflation Policy

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NBER1979-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0354
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This paper considers the problem of optimal long run monetary policy. It shows that optimal inflation policy involves trading off two quite different considerations. First, increases in the rate of inflation tax the holding of many balances, leading to a deadweight loss as excessive resources are
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1979-05-01
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