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We study the optimal 'inflation tax' in an environment with heterogeneous agents and non-linear inco...
In this paper we study the inefficiencies of the monetary equilibrium and optimal monetary policies ...
Using New Keynesian models, we compare Friedman’s k-percent money supply rule to optimal interest ra...
In contrast to the recent literature on the optimal inflation tax, we show that, in models where mon...
Includes bibliographical references. Also available via the InternetSIGLEAvailable from British Libr...
According to the logic of the Friedman rule, the opportunity cost of holding money faced by private ...
We find conditions for the Friedman rule to be optimal in three standard models of money. These cond...
We evaluate the Friedman rule for optimal monetary policy in a laboratory economy based on Lagos–Wri...
We evaluate the Friedman rule for optimal monetary policy in a laboratory economy based on Lagos–Wri...
I characterize a large family of monetary policies that implement Milton Friedman’s prescription of ...
The Friedman rule is strongly immune to most model modifications although it has not actually been o...
In cash-in-advance models, necessary and sufficient conditions for the existence of an equilibrium w...
The optimum quantity of money proposition, whose validity is agreed on, is actually open to criticis...
In this paper we study the inefficiencies of the monetary equilibrium and optimal monetary policies ...
[[abstract]]This paper shows that if capital generates production externality, there exists a wedge ...
We study the optimal 'inflation tax' in an environment with heterogeneous agents and non-linear inco...
In this paper we study the inefficiencies of the monetary equilibrium and optimal monetary policies ...
Using New Keynesian models, we compare Friedman’s k-percent money supply rule to optimal interest ra...
In contrast to the recent literature on the optimal inflation tax, we show that, in models where mon...
Includes bibliographical references. Also available via the InternetSIGLEAvailable from British Libr...
According to the logic of the Friedman rule, the opportunity cost of holding money faced by private ...
We find conditions for the Friedman rule to be optimal in three standard models of money. These cond...
We evaluate the Friedman rule for optimal monetary policy in a laboratory economy based on Lagos–Wri...
We evaluate the Friedman rule for optimal monetary policy in a laboratory economy based on Lagos–Wri...
I characterize a large family of monetary policies that implement Milton Friedman’s prescription of ...
The Friedman rule is strongly immune to most model modifications although it has not actually been o...
In cash-in-advance models, necessary and sufficient conditions for the existence of an equilibrium w...
The optimum quantity of money proposition, whose validity is agreed on, is actually open to criticis...
In this paper we study the inefficiencies of the monetary equilibrium and optimal monetary policies ...
[[abstract]]This paper shows that if capital generates production externality, there exists a wedge ...
We study the optimal 'inflation tax' in an environment with heterogeneous agents and non-linear inco...
In this paper we study the inefficiencies of the monetary equilibrium and optimal monetary policies ...
Using New Keynesian models, we compare Friedman’s k-percent money supply rule to optimal interest ra...