Anticipated Inflation in a Monetary Economy with Endogenous Growth
โ Scribed by Wen-Ya Chang; Ching-Chong Lai
- Book ID
- 108559139
- Publisher
- John Wiley and Sons
- Year
- 2000
- Tongue
- English
- Weight
- 233 KB
- Volume
- 67
- Category
- Article
- ISSN
- 0013-0427
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
We develop a two-sector monetary economy with human capital accumulation and a cash constraint applied to both consumption and investment to examine the ways in which social status affects the impact of monetary policy on the long-run economic growth rate. Our findings suggest that the formation of
We provide a theoretical treatment of temporal aggregation in models that exhibit long-term endogenously generated steady growth; hence generalizing our previous analysis [Econometrica 62 (1994), 635}656]. We introduce the property of steady growth invariance \* that the long-term growth of the cont
## Abstract Empirical monetary policy research has increased in the last decade, possibly because deregulation and explicit monetary targets have made monetary policy issues more interesting. In particular, within the inflation targeting framework it has been argued that inflation forecasts can be