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題名 A note on the optimum quantity of money
作者 Chuang, S.-F.;Hou, Teh Ming
霍德明
貢獻者 金融系
日期 2003-05
上傳時間 20-Jul-2015 17:20:16 (UTC+8)
摘要 It is shown that a rise in perfectly anticipated inflation enhances welfare across steady states. However, this result does not invalidate Optimum Quantity of Money. Rather, it is the problem of inappropriately using steady states to make welfare comparisons. Thus, non-steady-state analysis is necessary to evaluate the full effect of inflation. © 2002 Elsevier Science B.V. All rights reserved.
關聯 Economics Letters, 79(2), 269-276
資料類型 article
DOI http://dx.doi.org/10.1016/S0165-1765(02)00319-1
dc.contributor 金融系
dc.creator (作者) Chuang, S.-F.;Hou, Teh Ming
dc.creator (作者) 霍德明zh_TW
dc.date (日期) 2003-05
dc.date.accessioned 20-Jul-2015 17:20:16 (UTC+8)-
dc.date.available 20-Jul-2015 17:20:16 (UTC+8)-
dc.date.issued (上傳時間) 20-Jul-2015 17:20:16 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/76684-
dc.description.abstract (摘要) It is shown that a rise in perfectly anticipated inflation enhances welfare across steady states. However, this result does not invalidate Optimum Quantity of Money. Rather, it is the problem of inappropriately using steady states to make welfare comparisons. Thus, non-steady-state analysis is necessary to evaluate the full effect of inflation. © 2002 Elsevier Science B.V. All rights reserved.
dc.format.extent 73952 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Economics Letters, 79(2), 269-276
dc.title (題名) A note on the optimum quantity of money
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1016/S0165-1765(02)00319-1
dc.doi.uri (DOI) http://dx.doi.org/10.1016/S0165-1765(02)00319-1