The Optimal Rate of Money Creation in an Overlapping Generations Model : Numerical Simulations for the U.S. Economy /
This paper develops a large scale overlapping generations model and calibrates it for the U.S. economy. Simulations with the model show that the steady state welfare maximizing inflation rate may be positive, although the numerical results are not robust. It is also shown, however, that increases in...
| Հիմնական հեղինակ: | |
|---|---|
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
1992.
|
| Շարք: | IMF Working Papers; Working Paper ;
No. 1992/037 |
| Առցանց հասանելիություն: | Full text available on IMF |