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The strange way Chuck E Cheese is like a central bank.
by noslenwerdna 3y ago
The strange way Chuck E Cheese is like a central bank.
- harryposner 3y agoYou joke, and yet [Lucas 1988] uses an amusement park as a toy model to demonstrate how monetary shocks can affect real economic activity. The key difference between this and Chuck E. Cheese, though, is that Chuck E. Cheese is the only merchant that accepts their tokens for any sort of payment. [Lucas 1988] https://home.uchicago.edu/~vlima/courses/econ203/fall01/Lucas_wedo.pdf https://home.uchicago.edu/~vlima/courses/econ203/fall01/Luca...