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The Role of Money in Two Alternative Models:When is the Friedman Rule Optimal, and Why?

Bhattacharya, Joydeep; Haslag, Joseph H.; Russell, Steven - Iowa State University of Science and Technology <Ames, … - 2004

In models of money with an infinitely-lived representative agent (ILRA models), the optimal monetary policyis almost always the Friedman rule. Overlapping generations (OG) models are different: in this paper, westudy how they are different, and why. We investigate the welfare properties of...

Persistent link: https://www.econbiz.de/10009360919

Monetary policy, fiscal policy, and the inflation tax : equivalence results

Bhattacharya, Joydeep; Haslag, Joseph H.; Russell, Steven - In: Macroeconomic dynamics 7 (2003) 4, pp. 647-669

Persistent link: https://www.econbiz.de/10001823327

The role of money in two alternative models: when is the Friedman rule optimal, and why?

Bhattacharya, Joydeep; Haslag, Joseph H.; Russell, Steven - In: Journal of monetary economics 52 (2005) 8, pp. 1401-1433

Persistent link: https://www.econbiz.de/10003228844

MONETARY POLICY, FISCAL POLICY, AND THE INFLATION TAX: EQUIVALENCE RESULTS

Bhattacharya, Joydeep; Haslag, Joseph H.; Russell, Steven - In: Macroeconomic dynamics 7 (2003) 5, pp. 647-669

Persistent link: https://www.econbiz.de/10006026127