The Dynamic Relationship between Inflation and Output Growth in a Cash-Constrained Economy

This paper studies the dynamic relationship between inflation and output growth in neoclassical growth models with endogenous cash constraints. We show this dynamic relationship is negative if the degree of cash constraints on investment is smaller than the degree of cash constraints on consumption but is positive if otherwise.

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Year of publication:	2011
Authors:	Chia-Hui, Lu ; Been-Lon, Chen ; Mei, Hsu
Published in:	The B.E. Journal of Macroeconomics. - De Gruyter, ISSN 1935-1690. - Vol. 11.2011, 1, p. 1-29
Publisher:	De Gruyter

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009145428