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The inefficiency of a nominal national debt

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  • John Bryant
  • Neil Wallace

Abstract

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Suggested Citation

  • John Bryant & Neil Wallace, 1977. "The inefficiency of a nominal national debt," Staff Report 28, Federal Reserve Bank of Minneapolis.
    • Handle: RePEc:fip:fedmsr:28
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    References listed on IDEAS

    as
    1. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66(6), pages 467-467.
    2. William J. Baumol, 1952. "The Transactions Demand for Cash: An Inventory Theoretic Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 66(4), pages 545-556.
    3. anonymous, 1977. "Questioning Federal Reserve policies," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 1(Sum).
    4. Merton H. Miller & Daniel Orr, 1966. "A Model of the Demand for Money by Firms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(3), pages 413-435.
    5. Klein, Michael A, 1973. "The Economics of Security Divisibility and Financial Intermediation," Journal of Finance, American Finance Association, vol. 28(4), pages 923-931, September.
    6. Neil Wallace, 1977. "Why the Fed should consider holding M0 constant," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 1(Sum).
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    Cited by:

    1. Neil Wallace, 1978. "The overlapping-generations model of fiat money," Staff Report 37, Federal Reserve Bank of Minneapolis.

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    Keywords

    Finance; Bonds;

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