Add to ORKGWe find conditions for the Friedman rule to be optimal in three standard models of money. These conditions are homotheticity and separability assumptions on preferences similar to those in the public finance literature on optimal uniform commodity taxation. We show that there is no connection between our results and the result in the standard public finance literature that intermediate goods should not be taxed
SIGLEAvailable from British Library Document Supply Centre- DSC:3597.9512(CEPR-DP--1287) / BLDSC - B...
We study the optimal inflation tax in an economy with heterogeneous agents subject to nonlinear taxa...
Golosov et al. (2003) have extended Atkinson and Stiglitz's uniform tax prescription to a dynamic Mi...
In contrast to the recent literature on the optimal inflation tax, we show that, in models where mon...
We study the optimal 'inflation tax' in an environment with heterogeneous agents and non-linear inco...
We find that the Friedman rule is not optimal with government transfers and distortionary taxation. ...
This paper investigates the optimality of the Friedman rule in a two-sector small open economy. That...
This paper investigates the optimality of the Friedman rule in a two-sector small open economy. That...
This paper models a two-period overlapping-generations economy with money populated with individuals...
In this paper we propose a simple and general model for computing the Ramsey optimal inflation tax...
This paper examines optimal tax policy in a monetary economy in which money serves as an intermediat...
This paper examines optimal tax policy in a monetary economy in which money serves as an intermediat...
[[abstract]]This paper shows that if capital generates production externality, there exists a wedge ...
In this paper we propose a simple and general model for computing the Ramsey optimal inflation tax, ...
We study optimal fiscal and monetary policy in an environment where explicit frictions give rise to ...
SIGLEAvailable from British Library Document Supply Centre- DSC:3597.9512(CEPR-DP--1287) / BLDSC - B...
We study the optimal inflation tax in an economy with heterogeneous agents subject to nonlinear taxa...
Golosov et al. (2003) have extended Atkinson and Stiglitz's uniform tax prescription to a dynamic Mi...
In contrast to the recent literature on the optimal inflation tax, we show that, in models where mon...
We study the optimal 'inflation tax' in an environment with heterogeneous agents and non-linear inco...
We find that the Friedman rule is not optimal with government transfers and distortionary taxation. ...
This paper investigates the optimality of the Friedman rule in a two-sector small open economy. That...
This paper investigates the optimality of the Friedman rule in a two-sector small open economy. That...
This paper models a two-period overlapping-generations economy with money populated with individuals...
In this paper we propose a simple and general model for computing the Ramsey optimal inflation tax...
This paper examines optimal tax policy in a monetary economy in which money serves as an intermediat...
This paper examines optimal tax policy in a monetary economy in which money serves as an intermediat...
[[abstract]]This paper shows that if capital generates production externality, there exists a wedge ...
In this paper we propose a simple and general model for computing the Ramsey optimal inflation tax, ...
We study optimal fiscal and monetary policy in an environment where explicit frictions give rise to ...
SIGLEAvailable from British Library Document Supply Centre- DSC:3597.9512(CEPR-DP--1287) / BLDSC - B...
We study the optimal inflation tax in an economy with heterogeneous agents subject to nonlinear taxa...
Golosov et al. (2003) have extended Atkinson and Stiglitz's uniform tax prescription to a dynamic Mi...