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~~~?,-r v _ ~ 9 v ~~~- (305) 121 mineo, Univ. of Minnesota. Kydland, F. E. and E. C. Preston, 7.977. Rules Rat:u;r Than Discretion : The Inconsistency of Optimal Plans,.T. P. E. 85. Mankiw, N. G, 1987. The Optimal Collection of Sei; ;n oragc : Theory anal Evidence, J. M. E. 20. McCallum, B. T., 1990. Inflation: Theory and Evide:uce:, in B. M. Fxiedman and F. H. Haln, eds, Handbook of Monetary Economics. Obstfeld, M., 1989. Dynamic Seiniorage Theory : An 13a:ploration, N. Ei. E. R. 2869. Oudiz, G. and J. Sachs, 1985. International Policy C::~rdi.nation in Dynamic Macroeconomic Models, in Buiter and Marston, eds, Intrrtaati~on C Economic Policy Cordination, Carnbrige. Poterba, J. and J. Rotemberg, 1990. Inflation and :Caxa.tion with Maximazing Governments, Journal of Money, Credit, and Barking. Rogoff, K., 1985. The Optimal Degree of Commitment to an Intermediate Monetary Target, Q. J E. Rogoff, I{., 1987. Reputational Constraints on Monetary 1'oaicy, Carnel!ie-Rochester Conference Series on Public Policy 26. Rogoff, I{. and A. Sibert, 1986. Elecxions and Macno.c;onomi;c Policy CycIs N. B. E. X. 1838. Tanzi, V., 1978. Inflation, Real Tax Revenue and the; i.;asr. for Infiatonary Finance: Theory with an Application to Argentina, IMF stcr~" Papers vol. 25. Wijnbergen, S., 1987. Fiscal Deficits, Exchange Rate (%rises and Inflation, N. B. E. 12. 2130.