DYNAMIC SEIGNIORAGE THEORY

Rules Rather than Discretion: The Inconsistency of Optimal Plans

1977 • 7,667 citations

On the Determination of the Public Debt

1979 • 3,283 citations

Optimal fiscal and monetary policy in an economy without capital

1983 • 1,916 citations

The Political Economy of Federalism

1985 • 1,551 citations

On the Time Consistency of Optimal Policy in a Monetary Economy

1978 • 796 citations

Dynamic Macroeconomic Theory

1988 • 759 citations

The Political Economy of Budget Deficits

1995 • 677 citations

A Theory of Dynamic Oligopoly, I: Overview and Quantity Competition with Large Fixed Costs

1988 • 542 citations

Money and Growth: The Case of Long Run Perfect Foresight

1974 • 506 citations

Optimality of the Friedman rule in economies with distorting taxes

1996 • 254 citations

Why Does Inflation Differ Across Countries

1996 • 213 citations

Dynamic Models of Oligopoly

2013 • 195 citations

Why do we have nominal government debt?

1988 • 188 citations

Time Consistency of Fiscal and Monetary Policy

1987 • 187 citations

How Should Control Theory Be Used to Calculate a Time-Consistent Government Policy?

1988 • 157 citations

The Honest Government's Guide to the Revenue from the Creation of Money

1974 • 152 citations

Credible public policy

1991 • 129 citations

Costs of Inflation

1989 • 77 citations

Testing the positive theory of government finance

1990 • 66 citations

Optimal Inflation Tax under Precommitment: Theory and Evidence

1992 • 55 citations

Time Consistency of Fiscal and Monetary Policy: A Comment

1990 • 45 citations

Seigniorage in Europe

1988 • 36 citations

Credible monetary policy with long-lived agents: recursive approaches

1996 • 16 citations

Fiscal Policies and the Dollar/Pound Exchange Rate: 1870-1984

1988 • 2 citations