Optimality of the Friedman Rule in Economies with Distorting Taxes

We 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.

MoreLess

Year of publication:	1993-08
Authors:	Chari, Varadarajan ; Christiano, Lawrence ; Kehoe, Patrick J.
Institutions:	National Bureau of Economic Research (NBER)

Online Resource

Check full text access |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	EFG published as Journal of Monetary Economics, vol. 37, no. 2 (April 1996). Number 4443
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005778113