Money Demand and Seigniorage-maximizing Inflation
| Author | : William Russell Easterly |
| Publisher | : World Bank Publications |
| Total Pages | : 38 |
| Release | : 1992 |
| ISBN-10 | : |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Book Synopsis Money Demand and Seigniorage-maximizing Inflation by : William Russell Easterly
Download or read book Money Demand and Seigniorage-maximizing Inflation written by William Russell Easterly and published by World Bank Publications. This book was released on 1992 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The elasticity of substitution in transactions between money and bonds is a crucial determinant of the seigniorage- maximizing inflation rate and of whether the semi- elasticity of money demand with inflation increases with inflation.