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On the time inconsistency of optimal monetary and fiscal policies with many consumer goods
Dominguez, Begoña; Gomis-Porqueras, Pedro - 2012
This paper studies optimal monetary and fiscal policies in an economy à la Lucas and Stokey (1983) and Lagos and Wright (2005) with multiple cash and credit goods. We show that optimal policies are in general time inconsistent due to insufficient number of instruments to influence future...
Persistent link: https://www.econbiz.de/10009559224
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Dynamic Taxation, Private Information and Money
Waller, Christopher J. - 2009
The objective of this paper is to study optimal fiscal and monetary policy in a dynamic Mirrlees model where the frictions giving rise to money as a medium of exchange are explicitly modeled. The framework is a three period OLG model where agents are born every other period. The young and old...
Persistent link: https://www.econbiz.de/10013157389
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On the role of tax subsidy scheme in money search models
Kamiya, Kazuya; Shimizu, Takashi - In: International economic review 48 (2007) 2, pp. 575-606
Persistent link: https://www.econbiz.de/10003458173
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On the micro-foundations of money : the Capitol Hill baby-sitting co-op
Hens, Thorsten (contributor);  … - 2003
Persistent link: https://www.econbiz.de/10001778060
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On the micro-foundations of money : the Capitol Hill Baby-Sitting Co-op
Hens, Thorsten; Schenk-Hoppé, Klaus Reiner; Vogt, Bodo - 2002
Persistent link: https://www.econbiz.de/10001687819
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On the micro-foundations of money : the capitol hill baby-sitting co-op
Hens, Thorsten (contributor);  … - 2003
Persistent link: https://www.econbiz.de/10002007338
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On the micro-foundations of money : the Capitol Hill Baby-Sitting Co-op
Hens, Thorsten - 2003
Persistent link: https://www.econbiz.de/10013430569
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Die Modern Monetary Theory : Staatsschulden als Steuergutschriften
Ehnts, Dirk H.; Paetz, Michael - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 77-89
Die Modern Monetary Theory (MMT) ist eine empirische Geldtheorie und nutzt insbesondere Bilanzen und Buchungen als …. Vollbeschäftigung, Preisstabilität und nachhaltige Ressourcenbewirtschaftung sind ohne eine Theorie der fiskalpolitischen Steuerung wohl …Modern Monetary Theory (MMT) is an empirical monetary theory and makes special use of balance sheets and booking …
Persistent link: https://www.econbiz.de/10012155284
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The optimal inflation tax
Correia, Isabel Horta; Teles, Pedro - 1997
Persistent link: https://www.econbiz.de/10000972442
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The optimal inflation tax
Correia, Isabel Horta; Teles, Pedro - In: Review of economic dynamics 2 (1999) 2, pp. 325-346
Persistent link: https://www.econbiz.de/10001653492