; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Optimality of the Friedman Rule in Economies With Distorting Taxes"; ; "batchuser@example.com"; "Kehoe, Patrick J.", "Christiano, Lawrence J.", "Chari, V. V."; "Federal Reserve Bank of Minneapolis"; "Optimal monetary policy", "Ramsey policy", "Inflation tax"; "E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy", "E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination", "E52 - Monetary Policy"; "We find conditions for the Friedman rule to be optimal in three standard models of money. These conditions are homotheticity and separability assumptions on preferences similar to those in the public finance literature on optimal uniform commodity taxation. We show that there is no connection between our results and the result in the standard public finance literature that intermediate goods should not be taxed."^^; "1993-07"; "2019-09-14T02:03:33.707413265+00:00"^^; "https://doi.org/10.21034/sr.158"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 22:11:19 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "393", "129", "141"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "158"; "Ramsey policy", "Inflation tax", "Optimal monetary policy"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Journal of Monetary Economics_ (Vol. 37, No. 2, April 1996, pp. 203-223) https://doi.org/10.1016/S0304-3932(96)90034-3. "^^; ; "Publication" . ; .