Matches in SemOpenAlex for { <https://semopenalex.org/work/W1515624430> ?p ?o ?g. }
- W1515624430 abstract "The welfare gains from adopting a zero nominal interest policy depend on the implementation details. Here I argue that implementing the Friedman rule by a government loan program may be better than implementing it by collecting taxes, even when lump sum taxes are possible. The government loan program will crowd out lending and borrowing and other money substitutes. Since money can be costlessly created the resources spent on creating money substitutes are a social waste. Moving from an economy with strictly positive nominal interest rate to an economy with zero nominal interest rate will increase consumption by the amount of resources spent on lending and borrowing. But in general welfare will increase by more than that because consumption smoothing is better under zero nominal interest rate." @default.
- W1515624430 created "2016-06-24" @default.
- W1515624430 creator A5087332229 @default.
- W1515624430 date "2008-01-01" @default.
- W1515624430 modified "2023-09-27" @default.
- W1515624430 title "Implementing the Friedman Rule by a Government Loan Program: An Overlapping Generations Model" @default.
- W1515624430 cites W1481560811 @default.
- W1515624430 cites W1546523058 @default.
- W1515624430 cites W1558899219 @default.
- W1515624430 cites W1568970710 @default.
- W1515624430 cites W1604576396 @default.
- W1515624430 cites W1988131659 @default.
- W1515624430 cites W2016995324 @default.
- W1515624430 cites W2031327783 @default.
- W1515624430 cites W2034250651 @default.
- W1515624430 cites W2034340711 @default.
- W1515624430 cites W2040785381 @default.
- W1515624430 cites W2051789277 @default.
- W1515624430 cites W2088133319 @default.
- W1515624430 cites W2111814179 @default.
- W1515624430 cites W2123908125 @default.
- W1515624430 cites W2142812054 @default.
- W1515624430 cites W2143588835 @default.
- W1515624430 cites W2165229815 @default.
- W1515624430 cites W2166412856 @default.
- W1515624430 cites W2313819453 @default.
- W1515624430 cites W28905258 @default.
- W1515624430 cites W3021579201 @default.
- W1515624430 cites W3121680391 @default.
- W1515624430 cites W3124516197 @default.
- W1515624430 cites W3125402852 @default.
- W1515624430 cites W3125928526 @default.
- W1515624430 cites W3141348895 @default.
- W1515624430 cites W637792366 @default.
- W1515624430 hasPublicationYear "2008" @default.
- W1515624430 type Work @default.
- W1515624430 sameAs 1515624430 @default.
- W1515624430 citedByCount "0" @default.
- W1515624430 crossrefType "posted-content" @default.
- W1515624430 hasAuthorship W1515624430A5087332229 @default.
- W1515624430 hasConcept C100243477 @default.
- W1515624430 hasConcept C126285488 @default.
- W1515624430 hasConcept C138885662 @default.
- W1515624430 hasConcept C139719470 @default.
- W1515624430 hasConcept C144024400 @default.
- W1515624430 hasConcept C154815372 @default.
- W1515624430 hasConcept C162324750 @default.
- W1515624430 hasConcept C175025494 @default.
- W1515624430 hasConcept C175444787 @default.
- W1515624430 hasConcept C2775891139 @default.
- W1515624430 hasConcept C2777764128 @default.
- W1515624430 hasConcept C2778137410 @default.
- W1515624430 hasConcept C2778762746 @default.
- W1515624430 hasConcept C2781356325 @default.
- W1515624430 hasConcept C30772137 @default.
- W1515624430 hasConcept C34447519 @default.
- W1515624430 hasConcept C36289849 @default.
- W1515624430 hasConcept C41895202 @default.
- W1515624430 hasConcept C556758197 @default.
- W1515624430 hasConcept C7386506 @default.
- W1515624430 hasConcept C83873408 @default.
- W1515624430 hasConcept C84888623 @default.
- W1515624430 hasConceptScore W1515624430C100243477 @default.
- W1515624430 hasConceptScore W1515624430C126285488 @default.
- W1515624430 hasConceptScore W1515624430C138885662 @default.
- W1515624430 hasConceptScore W1515624430C139719470 @default.
- W1515624430 hasConceptScore W1515624430C144024400 @default.
- W1515624430 hasConceptScore W1515624430C154815372 @default.
- W1515624430 hasConceptScore W1515624430C162324750 @default.
- W1515624430 hasConceptScore W1515624430C175025494 @default.
- W1515624430 hasConceptScore W1515624430C175444787 @default.
- W1515624430 hasConceptScore W1515624430C2775891139 @default.
- W1515624430 hasConceptScore W1515624430C2777764128 @default.
- W1515624430 hasConceptScore W1515624430C2778137410 @default.
- W1515624430 hasConceptScore W1515624430C2778762746 @default.
- W1515624430 hasConceptScore W1515624430C2781356325 @default.
- W1515624430 hasConceptScore W1515624430C30772137 @default.
- W1515624430 hasConceptScore W1515624430C34447519 @default.
- W1515624430 hasConceptScore W1515624430C36289849 @default.
- W1515624430 hasConceptScore W1515624430C41895202 @default.
- W1515624430 hasConceptScore W1515624430C556758197 @default.
- W1515624430 hasConceptScore W1515624430C7386506 @default.
- W1515624430 hasConceptScore W1515624430C83873408 @default.
- W1515624430 hasConceptScore W1515624430C84888623 @default.
- W1515624430 hasLocation W15156244301 @default.
- W1515624430 hasOpenAccess W1515624430 @default.
- W1515624430 hasPrimaryLocation W15156244301 @default.
- W1515624430 hasRelatedWork W1490755741 @default.
- W1515624430 hasRelatedWork W1562119553 @default.
- W1515624430 hasRelatedWork W1974429678 @default.
- W1515624430 hasRelatedWork W1979958716 @default.
- W1515624430 hasRelatedWork W2002388169 @default.
- W1515624430 hasRelatedWork W2025504270 @default.
- W1515624430 hasRelatedWork W2057766426 @default.
- W1515624430 hasRelatedWork W2066244145 @default.
- W1515624430 hasRelatedWork W2093068507 @default.
- W1515624430 hasRelatedWork W2112468290 @default.
- W1515624430 hasRelatedWork W2131057497 @default.
- W1515624430 hasRelatedWork W2248843142 @default.
- W1515624430 hasRelatedWork W2286801183 @default.