Foreign Demand for Domestic Currency and the Optimal Rate of Inflation
收藏NBER2009-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15494
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资源简介：
More than half of U.S. currency circulates abroad. As a result, much of the seignorage income of the United States is generated outside of its borders. In this paper we characterize the Ramsey-optimal rate of inflation in an economy with a foreign demand for its currency. In the absence of such
提供机构：
美国国家经济研究局
创建时间：
2009-11-01
