Browse

Optimal Quantity of Money with Two-Sided Altruism

Cited 0 time in Web of Science Cited 0 time in Scopus
Authors
Kim, KeukSoo
Issue Date
2001-10
Publisher
Institute of Economic Research, Seoul National University
Citation
Seoul Journal of Economics, Vol.14 No.4, pp. 471-480
Keywords
Optimal quantity of moneyTwo-sided altruism
Abstract
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.
ISSN
1225-0279
Language
English
URI
https://hdl.handle.net/10371/1258
Files in This Item:
Appears in Collections:
College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.14(4) (Winter 2001)
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse