kaal:claim:3249860-013

Combining quasi-fiscal policy, increasing benefits attached to tokens, with monetary policy, increasing supply in circulation, may or may not have an effect on the market price of the tokens.

The combined effect of quasi-fiscal policy (increasing benefits associated with the tokens) and monetary policy (increasing the token supply in circulation) may or may not have an effect on the market price of the respective tokens.

Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018), II.5 Fiscal Policy, p. 10
https://ssrn.com/abstract=3249860 · source PDF

Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860

• when benefit increases and supply increases are applied simultaneously

failuresupport: assertedfailure: indeterminate-combined-policy-effectfamily: valuation-and-pricing-failuretokenomicseconomics

• supersedes kaal:claim:3067615-011 Adjusting the commercial benefits attached to a token operates as a quasi fiscal policy tool: increasing those...
• supersedes kaal:claim:3067615-012 Adjusting commercial benefits associated with a token issuance is preferable to blunt monetary intervention, b...
• supersedes kaal:claim:3067615-009 An issuer can pre-define monetary policy in crypto economics by fixing the number of tokens created and issued...

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