Can a government always collect more seigniorage simply by letting the money supply grow faster? Explain your

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Can a government always collect more seigniorage simply by letting the money supply grow faster? Explain your answer.

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International Economics Theory and Policy

ISBN: 978-0273754206

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

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Question Posted: Oct 24, 2012 11:48 PM

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Can a government always collect more seigniorage simply by letting the money supply grow faster? Explain your

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The amount of seigniorage governments collect does not grow monotonically with the rate of m...View the full answer

International Economics Theory and Policy

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