Seigniorage, Inflation, and Reputation
收藏NBER1984-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1505
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资源简介：
This paper derives a reputational equilibrum for inflation in a model in which the government obtains valuable seigniorage by issuing fiat money in echange for real resources. One insightful result is that, with contemporaneous perceptionof actual government behavior and immediate adjustment of real
提供机构：
美国国家经济研究局
创建时间：
1984-11-01
