The optimum quantity of money rule in the theory of public finance
Publication
, Journal Article
Kimbrough, KP
Published in: Journal of Monetary Economics
January 1, 1986
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. © 1986.
Duke Scholars
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Published In
Journal of Monetary Economics
DOI
ISSN
0304-3932
Publication Date
January 1, 1986
Volume
18
Issue
3
Start / End Page
277 / 284
Related Subject Headings
- Economics
- 3803 Economic theory
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory
Citation
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MLA
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Kimbrough, K. P. (1986). The optimum quantity of money rule in the theory of public finance. Journal of Monetary Economics, 18(3), 277–284. https://doi.org/10.1016/0304-3932(86)90040-1
Kimbrough, K. P. “The optimum quantity of money rule in the theory of public finance.” Journal of Monetary Economics 18, no. 3 (January 1, 1986): 277–84. https://doi.org/10.1016/0304-3932(86)90040-1.
Kimbrough KP. The optimum quantity of money rule in the theory of public finance. Journal of Monetary Economics. 1986 Jan 1;18(3):277–84.
Kimbrough, K. P. “The optimum quantity of money rule in the theory of public finance.” Journal of Monetary Economics, vol. 18, no. 3, Jan. 1986, pp. 277–84. Scopus, doi:10.1016/0304-3932(86)90040-1.
Kimbrough KP. The optimum quantity of money rule in the theory of public finance. Journal of Monetary Economics. 1986 Jan 1;18(3):277–284.
Published In
Journal of Monetary Economics
DOI
ISSN
0304-3932
Publication Date
January 1, 1986
Volume
18
Issue
3
Start / End Page
277 / 284
Related Subject Headings
- Economics
- 3803 Economic theory
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory