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The impact of paying interest on reserves in the presence of government deficit financing. (2004). Guzman, Mark.
In: Working Papers.
RePEc:fip:feddwp:04-06.

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  1. Bhattacharya, Joydeep, Mark G. Guzman, and Bruce D. Smith (1998), Some Even More Unpleasant Monetarist Arithmetic, Canadian Journal of Economics, 31(3), pp. 596-623.

  2. Espinosa-Vega, Marco A. and Steven Russell (1998), Can Higher Inflation Reduce Real Interest Rates in the Long Run? Canadian Journal of Economics, 31(1), pp. 92-1U3.

  3. Freeman, Scott and Joseph H. Haslag (1996), On the Optimality of Interest-Bearing Reserves in Economies of Overlapping Generations, Economic Theory, 7(3), pp. 557-565. Friedman, Milton (196U), A Program for Monetary Stability, New York: Fordham University Press.

  4. Gale, Douglas (1973), Pure Exchange Equilibrium of Dynamic Economic Models, Journal of Economic Theory, 6, pp. 12-36. Goodfriend, Marvin (2UU2), Interest on Reserves and Monetary Policy, Federal Reserve Bank of New York Economic Policy Review, 8(1), pp. 1-6. Goodhart, Charles A. E. (2UUU), Can Central Banking Survive the IT Revolution? International Finance, 3(2), pp. 189-2U9. Guzman, Mark G. (2UU4), The Impact of Paying Interest on Reserves in the Presence of Government Deficit Financing, Mimeo, Federal Reserve Bank of Dallas. Hall, Robert (2UU2), Controlling the Price Level, Contributions to Macroeconomics, 2(1), p. Article 5. Kohn, Donald L. (2UU4), Regulatory Reform Proposals, Testimony before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate.

  5. Lacker, Jeffery M. (1997), Clearing, Settlement and Monetary Policy, Journal of Monetary Economics, 4U(2), pp. 347-381. Meyer, Laurence H. (2UU1), Payment of Interest on Reserves, Testimony before the Financial Services Subcommittee on Financial Institutions and Consumer Credit, U.S. House of Representatives.

  6. Sargent, Thomas and Neil Wallace (1985), Interest on Reserves, Journal of Monetary Economics, 15(3), pp. 279-29U.

  7. Smith, Bruce D. (1991), Interest on Reserves and Sunspot Equilibria: Friedman's Proposal Reconsidered, Review of Economic Studies, 58(1), pp. 93-1US.

  8. Toma, Mark (1999), A Positive Model of Reserve Requirements and Interest on Reserves: A Clearinghouse Interpretation of the Federal Reserve System, Southern Economic Journal, 66(1), pp. 1U1-116.

  9. Wallace, Neil (1984), Some of the Choices for Monetary Policy, Federal Reserve Bank of Minneapolis Quarterly Review, pp. 15-24. Woodford, Michael (2UU3), Interest and Prices: Foundations of a Theory of Monetary Policy, Princeton: Princeton University Press. H(z,p,,4,d) g

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