Money, capital and the Pigou effect

The effect of inflation on the capital stock is considered in an overlapping generations framework with a Cash-in-Advance constraint on consumption expenditures. The adjustment mechanism underlying the model is that of a traditional model with the real balance effect on savings.

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Year of publication:	2012
Authors:	Mansoorian, Arman
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 1, p. 354-356
Publisher:	Elsevier
Subject:	Inflation \| Cash-in-advance \| Overlapping generations \| Capital

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Type of publication:	Article
Classification:	E21 - Consumption; Saving ; E22 - Capital; Investment (including Inventories); Capacity ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010580470