Articles with "friedman rule" as a keyword



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Heterogeneity, monetary policy, Mirrleesian taxes, and the Friedman rule

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Published in 2019 at "Economic Theory"

DOI: 10.1007/s00199-018-1108-x

Abstract: We consider an overlapping-generations economy with money rationalized through a cash-in-advance constraint and heterogeneous agents subject to nonlinear taxation of labor income and linear taxation of commodity purchases. Some agents are more productive and more… read more here.

Keywords: heterogeneity monetary; policy mirrleesian; monetary policy; rule ... See more keywords