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Optimality of the Friedman rule in economies with distorting taxes

, , and . Journal of Monetary Economics, 37 (2): 203--223 (April 1996)

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Policy Analysis in Business Cycle Models, , and . Frontiers of Business Cycle Research, chapter 1, Princeton University Press, Princeton, New Jersey, (1995)Optimal fiscal policy in a business cycle model, , and . NBER working paper series National Bureau of Economic Research, Cambridge, Mass., (1993)Vintage Human Capital, Growth, and the Diffusion of New Technology, and . Journal of Political Economy, 99 (6): 1142 (Jan 1, 1991)doi: 10.1086/261795.Hot Money, and . Journal of Political Economy, 111 (6): 1262--1292 (335 12 2003)doi: 10.1086/378525.Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?, , and . Econometrica, 68 (5): 1151--1179 (245 09 2000)doi: 10.1111/1468-0262.00154.Financial crises as herds: overturning the critiques., and . J. Econ. Theory, 119 (1): 128-150 (2004)Inside Money, Outside Money, and Short-Term Interest Rates, , and . Journal of Money, Credit and Banking, 27 (4): 1354-86 (1995)available at http://ideas.repec.org/a/mcb/jmoncb/v27y1995i4p1354-86.html.Optimality of the Friedman rule in economies with distorting taxes, , and . Journal of Monetary Economics, 37 (2): 203--223 (April 1996)Optimal Fiscal Policy in a Business Cycle Model, , and . Journal of Political Economy, 102 (4): 617 (Jan 1, 1994)doi: 10.1086/261949.Sustainable Plans, and . Journal of Political Economy, 98 (4): 783 (Jan 1, 1990)doi: 10.1086/261706.