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 Nisticò
Date Deposited: 13 Dec 2010 14:31
Last Modified: 21 Apr 2015 23:13


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