淡江大學機構典藏:Item 987654321/58047
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    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/58047


    Title: Is the Optimum Quantity of Money Compatible with the Unique Price Level under Laissez-Faire?
    Authors: 麥朝成;Mai, Chao-cheng
    Contributors: 淡江大學產業經濟學系
    Date: 1981-07
    Issue Date: 2011-09-29 10:52:58 (UTC+8)
    Publisher: Elsevier
    Abstract: The purpose of this paper is to set forth a general equilibrium model to demonstrate that even if the real social costs of producing money are positive, the optimum quantity of money is incompatible with the unique price level under laissez-faire if zero-degree homogeneity of the production-maintenance cost function in M and P is assumed.
    Relation: Journal of Macroeconomics 3(3), pp.435-440
    DOI: 10.1016/0164-0704(81)90051-3
    Appears in Collections:[Graduate Institute & Department of Industrial Economics] Journal Article

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