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• W2561444986 abstract "We tackle the problem of the optimal quantity of money in model in the spirit of Friedman’s (1969) seminal work. Provided the seignorage proceedings are distributed uniformly, we prove that the Friedman rule fails to maximize welfare, is dynamically inconsistent, and strains the capital formation." @default.
• W2561444986 created "2017-01-06" @default.
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• W2561444986 date "2001-01-01" @default.
• W2561444986 modified "2023-09-23" @default.
• W2561444986 title "The Optimum Quantity of Money in a Neoclassical Model with Idiosyncratic Risk" @default.
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