haku: @author Herbertsson, T. T. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Gylfason, T. Herbertsson, T. T. |
| Otsikko: | Does inflation matter for growth? |
| Lehti: | Japan and the World Economy
2001 : VOL. 13:4, p. 405-428 |
| Asiasana: | ECONOMIC GROWTH FINANCE INFLATION |
| Kieli: | eng |
| Tiivistelmä: | The interaction between inflation and economic growth is studied within a simple model incorporating money and finance into an optimal growth framework with constant returns to capital. The model includes the potential impact of inflation on growth, via (a) saving and real interest rates, (b) velocity and financial development, (c) the government budget deficit through the inflation tax and tax erosion, and (d) efficiency in production through the wedge between the returns to real and financial capital. |
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