THE OPTIMUM QUANTITY OF MONEY RULE IN THE THEORY OF PUBLIC FINANCE
THE OPTIMUM QUANTITY OF MONEY RULE IN THE THEORY OF PUBLIC FINANCE
复制标题
公共财政理论中的最优货币数量规则
DOI：
10.1016/0304-3932(86)90040-1
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发表时间：
1986
影响因子：
4.1
通讯作者：
Kent P. Kimbrough
中科院分区：
文献类型：
--
作者：
Kent P. Kimbrough
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This paper examines optimal tax policy in a monetary economy in which money serves as an intermediate good that helps facilitate the conversion of scarce resources into final consumption goods by enabling consumers to economize on the costs of transacting. It is shown that in such an environment, even though distorting taxes must be levied for revenue purposes, the optimal tax structure calls for abstaining from inflationary finance and adopting the optimum quantity of money rule.