| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062586 | Economics Letters | 2007 | 6 Pages |
Abstract
We investigate whether higher confidence of fiat money is desirable from the viewpoint of dynamic resource allocation. Using a simple overlapping generations model, we demonstrate that higher confidence of fiat money depresses economic growth and harms the welfare of future generations born sufficiently later.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jumpei Tanaka,