Effets bénéfiques de l'inflation dans une économie avec concurrence entre monnaies

Mariana Rojas-Breu

Revue économique, 2010, vol. 61, issue 3, 657-666

Abstract: The optimal inflation rate is an outstanding issue in monetary theory and policy. Previous work attempting to rationalize positive inflation targets chosen by central banks is subject to a major criticism, since its conclusions depend on the assumption that only one currency is available to agents. This paper presents a model in which the inflation of the domestic currency may have a welfare-improving effect, even though a less inflationary currency exists and no costs in using it are assumed Classification JEL : E40, E51

JEL-codes: E40 E51 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=RECO_613_0657 (application/pdf)
http://www.cairn.info/revue-economique-2010-3-page-657.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:recosp:reco_613_0657

Access Statistics for this article

More articles in Revue économique from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().