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The Non-Monotonic Relationship between Seigniorage and Inequality

Bhattacharya, Joydeep; Bunzel, Helle; Haslag, Joseph - 2005

We present an analysis of how political factors may come into play in the equilibrium determination of inflation. We employ a standard overlapping generations model with heterogenous young-age endowments, and a government that funds an exogenous spending via a combination of non-distortionary...

Persistent link: https://www.econbiz.de/10014065914