Econometrica Vol. 42 No. 1 1974
The Price of Money in a Pure Exchange Monetary Economy with Taxation
Abstract
[Market determination of the value in exchange (price) of money is considered in a general equilibrium finite horizon model. The possibility of the price of money being zero in equilibrium and the role of taxes (payable in money) in preventing a zero price are considered.]
- DOI
- 10.2307/1913684
- Volume
- 42
- Issue
- 1
- Pages
- 45
- Sources
- bibtex:phds-export.bib openalex crossref