1986. Zotero Full Bibliography: Friedman, Milton. Chicago: Aldine, 1969. Kimbrough, K.P. Item Title: The Optimum Quantity of Money and Other Essays. The optimal inflation tax. 0000008321 00000 n The basic logic is then straightforward. 0000009070 00000 n 1997. The Optimum Quantity of Money and Other Essays. The … 0000005239 00000 n JabRef Fine in very good spine faded dust jacket. 0000006447 00000 n 0000003609 00000 n Collection Title: Collected Works of Milton Friedman Project records. 0000004300 00000 n Mendeley This paper is adapted from a talk given in Athens (Greece) in January 1963 under the auspices of the Center for Economic Research. Each essay reflects the author's style.
Chicago: Aldine. Optimality of the Friedman rule in economies with distorting taxes. %PDF-1.2 %���� RefWorks JabRef Kimbrough, K.P. BibTeX This service is more advanced with JavaScript availableThe optimum quantity of money is most famously associated with Milton Friedman (1969).
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Reference Manager Hence, one criterion for Pareto efficiency is that the nominal interest rate should equal zero. Read 2 reviews from the world's largest community for readers. The early chapters cover factors determining the real quantity of money held in a community and the welfare implications of policies that affect the quantity held. The Optimum Quantity of Money: Theory and Evidence by Casey B. Mulligan University of Chicago and Xavier X. Sala-i-Martin Columbia University and Universitat Pompeu Fabra June 16, 1997 Abstract In this paper we propose a simple and general model for computing the Ramsey optimal inflation tax, which includes several models from the previous literature as special cases. 0000007756 00000 n �r�ѧ�4�^fx 1993. Tolley, G. 1957. Phelps, E.S. �ۤk$�t�%����gU�ȿ&~����۟k����?�������t~��$���U�p�>���$��7��3�G��x��|�H�U��~a��ڿD��^��Lv�c�@���)s�Y��C�B����"��? 0000004119 00000 n Chicago: Aldine, 1969. This process is experimental and the keywords may be updated as the learning algorithm improves. 0000008343 00000 n EndNote
Google Scholar. A divisible search model of fiat money. The service in question is the transactions role of money. Journal of Monetary Economics 18, 277–84. 0000000891 00000 n Reference Manager The volume reviewed here con-sists of thirteen essays, twelve of which have been published previously. 0000005832 00000 n and Sala-i-Martin, X. Optimal taxation and public production. EndNote BibTeX Reprinted in The Optimum Quantity of Money and Other Essays, by Milton Friedman, pp. Publisher: Aldine. Bailey, M.J. 1956. The optimal mix of taxes on money, consumption and income. 0000003850 00000 n �J"�p������ ������3�L����b����� �nw�b�j �N���R�BNԀ=�-��e_��Y�^j4��^q����җ�u2c�B$����n�RZ��K�f��m��j�2���``%�p�}����q�7��V'+�l!SLF�����~��ٞ܋Ɠ0 4���U \xI)/Y�z���d�z\�>��� �rA�&t������ ��*H*�P�j�BɃ.�EB�@o����V��X�˽.FA��P��M�D���B6���!�fzU)�R�\3��9�$T�PD�U�0�%v6W,�{]��`5ۭ%p Is the Friedman rule optimal when money is an intermediate good.
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Shi, S. 1997. New York: MacMillan, 1969. FRIEDMAN, Milton & Rose. The optimum is a normative policy conclusion drawn from the long-run properties of a theoretical model. CrossRef Google Scholar. 69-80. Guidotti, P.E. Diamond, P.A. 0000007114 00000 n 0000009313 00000 n ����2:�� and Vegh, C.A. Author: Friedman, Milton, 1912-2006. ����/� �l�V,��`~J8�,��R����u.��N�&RU@ Papers �P# �+�I1Q�*�E��ᑁ�R!�:���q��=6e�K����W˕Z����0��?��2) -�;���u�azCLJ�����&aK2���p%*��� gk�Bn�Ȯ�ʋ��f���t1V�Vo�A��\�L)TʝR�����ȝ��1HJ\�R+$R�����}Bx��ƝI3�K��Zg�J�(p 1971. This classic set of essays by Nobel Laureate and leading monetary theorist Milton Friedman presents a coherent view of the role of money, focusing on specific topics related to the empirical analysis of monetary phenomena and policy. This famous policy prescription is now commonly called the Friedman rule.Over 10 million scientific documents at your fingertips RefWorks Invariably, the focus is upon a … 293 0 obj << /Linearized 1 /O 295 /H [ 948 2684 ] /L 261323 /E 9544 /N 52 /T 255344 >> endobj xref 293 27 0000000016 00000 n The social cost of producing fiat money is essentially zero. DeFiore, F. and Teles, P. 2003.
Date: 1969. The optimal inflation tax when money reduces transactions costs. 0000004428 00000 n $ 4,200.00 Item Number: 4483. 0000006425 00000 n 0000004012 00000 n ���Q�T�4Ylf�Uo�ь2�?7+P9B��y����!��f���y����#�k�[ۓ�;�{��T"O�V�l!�YY��"r4��3�v6�&v'�����uר���@�З��l�P��d�j���ܞy3�a�������x|ȝ�,V�HL�D2�4�G�$��t���e�b�W��g�+�ƃ]�s|B��37):L�[;{�1�77�r�G�F�9z��R��m�M��)��+ۓ�>�؇���P�%��T,�^`���a������"{���r�l������*�wnV��t�T��+q� The argument runs as follows. One criterion for Pareto efficiency is that the private cost of a good or service should be equated to the social cost of this good or service. trailer << /Size 320 /Info 292 0 R /Root 294 0 R /Prev 255333 /ID[<07edb4dcf252451dc6c4e76037d0193a><07edb4dcf252451dc6c4e76037d0193a>] >> startxref 0 %%EOF 294 0 obj << /Type /Catalog /Pages 286 0 R >> endobj 318 0 obj << /S 3950 /Filter /FlateDecode /Length 319 0 R >> stream The idea of an optimum quantity of money was formulated in the 1950s and 1960s by monetary economists applying standard marginal conditions of social optimality to the particular case of money. Papers Description: "It is commonplace of monetary theory that nothing is so unimportant as the … First edition of this important collection of essays by the Nobel Prize-winning economist. The optimum quantity of money: theory and evidence.
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