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All Outputs (17)

Why inside money matters (2007)
Journal Article

This note observes that in a simple infinite horizon economy with heterogeneous endowments and a cash-in-advance constraint fiat money can be used to implement a Pareto optimum only with type-specific taxation. By contrast, if credit contracts are en... Read More about Why inside money matters.

South West: The economy (2007)
Book Chapter

The State of the South West is a comprehensive review of the South West of England's economic, social, environmental and cultural life. It describes the current position and trends and, without making policy recommendations, helps set an informed c... Read More about South West: The economy.