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The Competitive Externalities and the Optimal Seignorage
6 references·11 citing·48 second hop
The Competitive Externalities and the Optimal Seignorage (1989)The Competitive Externalities and the Opt…Inflationary Rigidities and Orthodox Stabilization Policies: Lessons from Latin America (1988)Inflationary Rigidities and O…Econometrics and the Design of Economic Reform (1988)Econometrics and the Design o…Seigniorage and the Case for a National Money (1982)Seigniorage and the Case for …On the Time Consistency of Optimal Policy in a Monetary Economy (1978)On the Time Consistency of Op…Inflation in the Theory of Public Finance (1973)Inflation in the Theory of Pu…A Theory of Optimum Currency Areas (1961)A Theory of Optimum Currency …Regional debt in monetary unions: Is it inflationary? 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Rules, Discretion, and Reputation in a Model of Monetary Policy (1990)Expectations and learning under alternative monetary regimes: an experimental approach (1994)Chapter 7 Learning dynamics (1999)CONVERGENCE IN MONETARY INFLATION MODELS WITH HETEROGENEOUS LEARNING RULES (2001)An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money (1958)Myopia and Inconsistency in Dynamic Utility Maximization (1973)Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)A Guide to Public Sector Debt and Deficits (1985)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. 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this work references cited by second hop

References

  • 1961A Theory of Optimum Currency Areas4,546 cited
  • 1978On the Time Consistency of Optimal Policy in a Monetary Economy807 cited
  • 1973Inflation in the Theory of Public Finance410 cited
  • 1982Seigniorage and the Case for a National Money363 cited
  • 1988Inflationary Rigidities and Orthodox Stabilization Policies: Lessons from Latin America86 cited
  • 1988Econometrics and the Design of Economic Reform74 cited

Cited by

  • 2004Overturning Mundell: Fiscal Policy in a Monetary Union86 cited
  • 2008The political economy of seigniorage84 cited
  • 2003Intergovernmental transfers and fiscal behavior insurance versus aggregate discipline77 cited
  • 1994GMM Estimates of Currency Substitution between the Canadian Dollar and the U.S. Dollar49 cited
  • 1992Government finance in a common currency area39 cited
  • 2003Commitment and the adoption of a common currency*36 cited
  • 2001Dollarization and the Conquest of Hyperinflation in Divided Societies35 cited
  • 1997Central Bank Independence, Political Influence and Macroeconomic Performance: A Survey of Recent Developments25 cited
  • 2009Regional debt in monetary unions: Is it inflationary?

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24 cited
  • 1994The allocation of seigniorage in a common currency area24 cited
  • 1997Time Consistent Collection of Optimal Seigniorage: A Unifying Framework19 cited