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Persistent link: https://www.econbiz.de/10003431308
The authors provides a rigorous analysis of Milton Friedman's parable of the 'helicopter' drop of money - a permanent/irreversible increase in the nominal stock of fiat base money which respects the intertemporal budget constraint of the consolidated Central Bank and Treasury - the State....
Persistent link: https://www.econbiz.de/10010361687
Persistent link: https://www.econbiz.de/10010382011
The author provides a rigorous analysis of Milton Friedman's parable of the "helicopter" drop of money a permanent/irreversible increase in the nominal stock of fiat base money rate which respects the intertemporal budget constraint of the consolidated Central Bank and Treasury - the State....
Persistent link: https://www.econbiz.de/10010392960
Persistent link: https://www.econbiz.de/10003244036
Persistent link: https://www.econbiz.de/10003082442
Persistent link: https://www.econbiz.de/10001605227
Persistent link: https://www.econbiz.de/10001806077