Money, Growth and Finite Horizons
Petrucci, Alberto (2004) Money, Growth and Finite Horizons. [Working Paper]. p. 9. Economics & Statistics Discussion Papers (No. 18/04).
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The implications of endogenous labor supply for money superneutrality in OLG economies are analyzed. Inflation increases capital and output, while it affects labor ambiguously in a closed economy. Inflation reduces capital and output, but stimulates wealth in an open economy.
|Item Type:||Report / Paper (Working Paper)|
|Research documents and activity classification:||Working Papers > Refereed Working Papers / of international relevance|
|Divisions:||Department of Business and Management|
|Additional Information:||The definitive version of the paper has been published in "Economics Letters", Vol. 86 (2), Pages 259-263, February 2005.|
|Uncontrolled Keywords:||Inflation; Capital accumulation; Labor supply; Overlapping generations.|
|MIUR Scientific Area:||Area 13 - Economics and Statistics > SECS-P/01 Political Economy|
|Deposited By:||Maria Teresa Nistico|
|Deposited On:||13 Dec 2010 15:31|
|Last Modified:||03 May 2013 21:39|
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