Heterogeneity, monetary policy, Mirrleesian taxes, and the Friedman rule
Sign Up to like & getrecommendations! 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