Credit cards and inflation
Games and Economic Behavior(2010)
摘要
The introduction and widespread use of credit cards increases trading efficiency but, by also increasing the velocity of money, it causes inflation, in the absence of monetary intervention. If the monetary authority attempts to restore pre-credit card price levels by reducing the money supply, it might have to sacrifice the efficiency gains.
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关键词
D50,D51,D53,D61,E40,E50,E51,E52,E58
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