학술저널
Optimal Quantity of Money with Two-Sided Altruism
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 14 No.4
-
2001.121 - 9 (8 pages)
- 3
커버이미지 없음
This paper examines optimal monetary policy in an overlapping generations economy where agent s exhibit altruism toward both their parents and offspring. It has shown that inflation is optimal for an equilibrium in which only gift motive is operative. We note this as an interesting exception to the Friedman rule.
Abstract
Ⅰ. Introduction
Ⅱ. The Model
Ⅲ. The Steady-State Equilibrium with Zero Bequest and Positive Gifts
Ⅳ. Concluding Remarks
References
(0)
(0)