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Tagged with quantity-theory-of-money monetary-policy
2 questions with no upvoted or accepted answers
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Why is money super neutral in Brunnermeier and Sannikov's I theory of money?
I'm wondering why money is super neutral in Brunnermeier and Sannikov's "I-theory of money", but is not super neutral in their 2016 AER paper "On the optimal inflation rate".
In the I-theory of money,...
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Who profits from monetary expansion?
Is my understanding correct:
In history (ancient, medieval) money was directly created by governments, therefore any monetary expansion meant 100% net profit for government, which could be used to ...
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