Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

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Econometrica: Jan, 1974, Volume 42, Issue 1

The Price of Money in a Pure Exchange Monetary Economy with Taxation

https://www.jstor.org/stable/1913684
p. 45-54

Ross M. Starr

Market determination of the value in exchange (price) of money is considered in a general equilibrium finite horizon model. The possibility of the price of money being zero in equilibrium and the role of taxes (payable in money) in preventing a zero price are considered.

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