Endogenous growth, transitional dynamics and the welfare costs of inflation

This paper quantifies the welfare costs of inflation in an endogenous growth setup when transitional dynamics are taken into account. We report much smaller costs than when these dynamics are omitted.

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Year of publication:	2003-05-22
Authors:	Maury, Tristan-Pierre
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 5.2003, 12, p. 1-8
Publisher:	AccessEcon
Subject:	endogenous growth

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Extent:	application/pdf
Type of publication:	Article
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010629587