GROWTH AND THE EFFECTS OF INFLATION

被引：81
|
作者：
JONES, LE [1 ]
MANUELLI, RE [1 ]
机构：
[1] UNIV WISCONSIN,DEPT ECON,MADISON,WI 53706
来源：
JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 1995年 / 19卷 / 08期
基金：
美国国家科学基金会;
关键词：
INFLATION; GROWTH;
D O I：
10.1016/0165-1889(94)00835-6
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we study the relationship between the rate of increase of the money supply and the rate of growth of output in an economy. We show that in some models of endogenous growth, inflation has direct effects on the growth rate of the economy. Despite this, the estimated welfare cost of inflation from calibrated examples is similar to that found in exogenous growth models.
引用
收藏
页码：1405 / 1428
页数：24
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