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Author: | Gillman, M. |
Title: | On the optimality of restricting credit: inflation avoidance and productivity |
Journal: | Japanese Economic Review
2000 : SEP, VOL. 51:3, p. 375-390 |
Index terms: | Credit Financial institutions Macroeconomic models |
Language: | eng |
Abstract: | The paper presents a model in which the consumer uses up resources in order to avoid the inflation tax through the use of exchange credit. |
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