English, Article, Journal or magazine article edition: THE OPTIMALITY OF THE FRIEDMAN RULE WHEN SOME DISTORTING TAXES ARE EXOGENOUS Alexandre B. Cunha

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/168845
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • THE OPTIMALITY OF THE FRIEDMAN RULE WHEN SOME DISTORTING TAXES ARE EXOGENOUS
Author
  • Alexandre B. Cunha
Physical Description
  • preprint
Notes
  • The Friedman rule is a feature of second-best policies in several monetary models. We extend this result by establishing that zero nominal interest rates can be optimal even if the Ramsey planner is not able to select many distorting tax rates. However, we show that the optimality of that policy prescription does depend on the set of tax rates the planner is able to choose. We also provide an intuitive way of assessing whether the Friedman rule is optimal for each particular set of tax rates the Ramsey planner is allowed to select.
  • Friedman rule, optimal monetary policy, exogenous taxes
  • RePEc:ibr:dpaper:2005-06
  • RePEc:anp:en2006:45
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment