BENTAL, B.; SPIEGEL, M. - Institut de Recherche Économique et Sociale (IRES), … - 1981
We undertake a rigorous analysis of the questionable value of subsidies in the fight against inflation. The model employed for this purpose is Samuelson’s overlapping generations model (Samuelson, [1958]), in its simplest form. There is just one good and fiat money; inflation is measured by...