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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Heer, Burkhard | en |
dc.contributor.author | Maussner, Alfred | en |
dc.date.accessioned | 2011-11-28 | - |
dc.date.accessioned | 2011-12-01T13:04:31Z | - |
dc.date.available | 2011-12-01T13:04:31Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/52477 | - |
dc.description.abstract | In most monetary models of economic growth, higher long-run inflation is associated with a decline in the growth rate and employment. We show that this result is sensitive with respect to the specification of the cash-in-advance constraint. We consider three types of endogenous growth models: 1) the AK-model, 2) the Lucas (1990) supply-side model, and 3) the two-sector model of Jones and Manuelli (1995). With the standard cash-in-advance constraint on consumption, higher inflation results in lower growth and employment in all three models, while, in the cash-credit good economy of Dotsey and Ireland (1996), the effect is the exact opposite. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x3647 | en |
dc.subject.jel | O42 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | inflation | en |
dc.subject.keyword | growth | en |
dc.subject.keyword | costly credit | en |
dc.subject.keyword | search unemployment | en |
dc.title | The cash-in-advance constraint in monetary growth models | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 674647467 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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