Monetary and Fiscal Policy in a Cash-in-advance Economy with Quasi-geometric Discounting

Maeda, Daiki

Monetary and Fiscal Policy in a Cash-in-advance Economy with Quasi-geometric Discounting

Maeda, Daiki

Discussion Papers In Economics And Business, 2018, 18-31, 1-13

アクセス数:138件（2025-07-21 04:31 集計）

固定URL: https://hdl.handle.net/11094/70623

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タイトル	Monetary and Fiscal Policy in a Cash-in-advance Economy with Quasi-geometric Discounting
著者	著者名 Maeda, Daiki
キーワード等	Quasi-geometric discounting
キーワード等	Friedman rule
抄録	In this paper, we analyze monetary and fiscal policies in a dynamic general equilibrium model in which households have a preference of quasi-geometric discounting and face a cash-in-advance constraint. From this policy analysis, we obtain the following two outcomes. First, when the government can control only the money supply, the Friedman rule is optimal. Second, when the government can also control income tax rates, the Friedman rule may not be optimal.
出版者	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
収録物名	Discussion Papers In Economics And Business
巻(号)	18-31
ページ	1-13
刊行年月	2018-11
言語	英語
ハンドルURL	https://hdl.handle.net/11094/70623
NCID	AA1160366X
関連情報 (references)	URI http://www2.econ.osaka-u.ac.jp/library/global/dp/1831.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Discussion Papers In Economics And Business

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Discussion Papers In Economics And Business. 2018, 18-31, p. 1-13
DC.title	Monetary and Fiscal Policy in a Cash-in-advance Economy with Quasi-geometric Discounting
DC.creator	Maeda, Daiki
DC.publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2018-11
DC.relation' scheme='DCTERMS.URI	http://www2.econ.osaka-u.ac.jp/library/global/dp/1831.pdf
DC.subject	Quasi-geometric discounting
DC.subject	Friedman rule
DCTERMS.abstract	In this paper, we analyze monetary and fiscal policies in a dynamic general equilibrium model in which households have a preference of quasi-geometric discounting and face a cash-in-advance constraint. From this policy analysis, we obtain the following two outcomes. First, when the government can control only the money supply, the Friedman rule is optimal. Second, when the government can also control income tax rates, the Friedman rule may not be optimal.
DC.format	70623
citation_title	Monetary and Fiscal Policy in a Cash-in-advance Economy with Quasi-geometric Discounting
citation_author	Maeda, Daiki
citation_publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
citation_language	英語
citation_date	2018-11
citation_journal_title	Discussion Papers In Economics And Business
citation_volume	18-31
citation_firstpage	1
citation_lastpage	13
citation_public_url	https://hdl.handle.net/11094/70623
citation_abstract_html_url	http://www2.econ.osaka-u.ac.jp/library/global/dp/1831.pdf

Monetary and Fiscal Policy in a Cash-in-advance Economy with Quasi-geometric Discounting

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