Controlled floating and the confused issue of money illusion
The article deal with the issue of money illusion - a lack of sufficient realisation that one’s income in the relevant sense depends on prices as well as on the nominal size of the income. It begins with a general appraisal of problems faced in a currency system of controlled floating. The author th...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-12-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11437 |