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- W2936995805 abstract "This paper re-examines the theoretical relationship between inflation and output growth by introducing inflation aversion in a standard overlapping generations monetary endogenous growth model with productive public expenditure. We show that when the time preference parameter is a negative function of expected money growth rate, then the theoretical growth-inflation relationship that emerges is “hump-shaped”. This finding is consistent with recent empirical literature." @default.
- W2936995805 created "2019-04-25" @default.
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- W2936995805 date "2019-11-01" @default.
- W2936995805 modified "2023-09-27" @default.
- W2936995805 title "Inflation aversion and the growth-inflation relationship" @default.
- W2936995805 hasPublicationYear "2019" @default.
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