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The Optimum Quantity of Money

Ed Nosal and Guillaume Rocheteau

in Money, Payments, and Liquidity

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262016285
eISBN:
9780262298285
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016285.003.0006
Subject:
Economics and Finance, Econometrics

This chapter takes the strategy of constructing economic environments where the presence of fiat money is essential and the societal benefits of monetary exchange are clearly laid out. Through this ... More


Policy: The Public Finance Approach

Jean-Pascal Bénassy

in Macroeconomic Theory

Published in print:
2011
Published Online:
April 2015
ISBN:
9780195387711
eISBN:
9780190261405
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780195387711.003.0017
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter studies the issues of optimal government policy. It presents the “public finance” approach to policy and examines the approach’s central purpose to minimize distortions associated with ... More


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