Title of article
Is higher confidence of fiat money necessarily desirable?
Author/Authors
Jumpei Tanaka، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
6
From page
211
To page
216
Abstract
We investigate whether higher confidence of fiat money is desirable from the viewpoint of dynamic resource allocation. Using a simple overlapping generations model, we demonstrate that higher confidence of fiat money depresses economic growth and harms the welfare of future generations born sufficiently later.
Keywords
fiat money , Overlapping generations
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436214
Link To Document