假设一个国家1980年和1990年的通货膨胀率都是100%,但是通货膨胀1980年呈下降趋势,1990年呈上升趋势,其他情
哪一年的铸币税收入更多一些?(假设资产所有者能正确预期通货膨胀走向。)
Assume that a country's inflation rate was 100 percent per year in both 1980 and 1990 but that inflation was falling in the first year and rising in the second.Other things equal.in which year was seigniorage revenue greater? (Assume that asset holders correctly anticipated the path of inflation.)