Waller, Christopher - 2009
Conference and the FRB-Cleveland Summer Workshop on Monetary Economics for
very helpful comments on an early draft of this paper … microfoundations for money demand is the basis
of the "New Monetary Economics" literature. This literature, based on the Kiyotaki and … (1996). �Optimality of the Friedman Rule in
Economies with Distorting Taxes.�Journal of Monetary Economics 37, 203-223.
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