How to Make Inflation Optimal and Fair
Technical Report: UTEP-CS-22-92
Abstract
A reasonably small inflation helps economy as a whole -- by encouraging spending, but it also hurts people by decreasing the value of their savings. It is therefore reasonably to come up with an optimal (and fair) level of inflation, that would stimulate economy without hurting people too much. In this paper, we describe how this can be potentially done.
This paper has been withdrawn.