My sentiments exactly; Cantillon effects are, if anything, minor and we can probably ignore them
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BUT: unless we are talking Zimbabwean money growth & inflation rates, these Long Run "Cantillon effects" are small beer.
Example: raise inflation target from 2% to 3%, assume currency/NGDP=10%, then 1%x10%=0.1% of NGDP for value of extra new money.
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