Easterly, William; Mauro, Paolo; Schmidt-Hebbel, Klaus - Economics Research, World Bank Group - 1992
There is widespread consensus among economists that high inflation is often caused by the government's need to raise … follow a Laffer curve, where seignorage first rises and them falls with higher inflation. If so, a rate of inflation exists … that maximizes steady-state inflation. Conventional estimates of the seignorage-maximizing rate of inflation often make use …