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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.
SCIMA record nr: 214359
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