Evans, George W., 1949-; Honkapohja, Seppo, 1951-; Marimon, Ramon, 1953-
(University of Oregon, Dept. of Economics, 2002-10-25)
We develop a monetary model with flexible supply of labor, cash in advance constraints and government spending financed by seignorage. This model has two regimes. One regime is conventional with two steady states. The other ...
