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https://ah.lib.nccu.edu.tw/handle/140.119/76684| 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: | May-2003 | 上傳時間: | 20-Jul-2015 | 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 |
| Appears in Collections: | 期刊論文 |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| 269-276.pdf | 72.22 kB | Adobe PDF2 | View/Open |
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