Annaheim, Melanie; Cozzi, Guido - In: Essays in monetary theory : bank runs, inequality, and …, (pp. 79-110, 119-140). 2018
In the third chapter, we propose a model where agents must use cash balances to pay taxes, recasting the coordination problem of monetary and fiscal policy. This gives rise to a change in the timing of real government revenue as the government acquires real goods by sale of real balances....
