Inflationary financing of public investm
โ
Pedro Cavalcanti Ferreira
๐
Article
๐
1999
๐
Elsevier Science
๐
English
โ 189 KB
A theoretical model is constructed in order to explain particular historical experiences in which inflation acceleration apparently helped to spur a period of economic growth. Government financed expenditures affect positively the productivity growth in this model so that the distortionary effect of