The OLG model: seigniorage, bonds and the neutrality of fiat money
Jagdish Handa
Abstract
Jagdish Handa
Abstract
This chapter extends the analysis of the overlapping generations models of money to include bonds. It then examines van&s;ous policy issues such as seigniorage, open market operations and money neutrality.
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This chapter extends the analysis of the overlapping generations models of money to include bonds. It then examines van&s;ous policy issues such as seigniorage, open market operations and money neutrality.
Key concepts: Seigniorage, Overlapping generations model, Fiat money, Economics, Neutrality, Bond, Monetary economics, Keynesian economics