Shi, Shouyong; Breu, Mariana Rojas; Berentsen, Aleksander - Society for Economic Dynamics - SED - 2009
Many countries simultaneously suffer from high rates of inflation, low growth rates of per capita income and poorly … growth to examine the effects of inflation and financial development. We address two quantitative issues. One is the effects … the effects of inflation on welfare and growth, with an emphasis on how these effects depend on a country's financial …