Money demand and seignorage - maximizing inflation.
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TextPublication details: Washington : World Bank, 1992.Subject(s): Summary: Argues that the elasticity of subsitution in transactions between money and bonds is a crucial determinant of the seignorage - maximising inflation rate and examines whether the semi-elasticity of money demand with inflation increases.
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Argues that the elasticity of subsitution in transactions between money and bonds is a crucial determinant of the seignorage - maximising inflation rate and examines whether the semi-elasticity of money demand with inflation increases.
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