Frenkel, Jacob, “Comment on Zvi Hercovitz and Efraim Sadka’s ‘Optimal Currency Substitution Policy and Public Finance’,” in Economic Policy in Theory and Practice, eds. Asaaf Razin and Efraim Sadka, (London: Macmillan, 1987), 165–169.
Kimbrough, Kent S., “The Optimum Quantity of Money Rule in the Theory of Public Finance,” Journal of Monetary Economics, 18, (November 1986), 277–284.
Tanzi, Vito, “Inflation, Real Tax Revenue, and the Case for Inflationary Finance: Theory with an Application to Argentina,” IMF Staff Papers, 25, (September 1978), 417–451.
Professor of Economics, Princeton University, and Visiting Scholar, International Monetary Fund, June-July 1930. I thank Matthew Canzoneri and Nurun Choudhry for useful conversations, and Pablo Guidotti, Lars Svensson, and Carlos Vegh for valuable comments on the first draft. The paper does not necessarily represent any views of the Fund.