MONEY, TAXATION, INFLATION AND REAL INTEREST

摘要: This chapter discusses three neoclassical growth models in which the government has both a fiscal and monetary instrument with to control demand for capital supply of saving. In these equilibrium models, there is no inherent relationship between inflation rate economy's intensity as measured, say, by real interest or capital–labor ratio. For each invariant if net indebtedness insulated from through suitable compensatory action either central bank treasury. The second contribution theory rate.