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A Revised Tobin Effect from Inflation : Relative Input Price and Capital Ratio Realignments, Us and UK, 1959-1999
Gillman, Max; Nakov, Anton - 2004
The paper studies the realignments induced by inflation within an endogenous growth monetary economy. Accelerating inflation raises the ratio of the real wage to the real interest rate, and so raises the use of physical capital relative to human capital across all sectors. We find cointegration...
Persistent link: https://www.econbiz.de/10014126153
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Optimal and simple monetary policy rules with zero floor on the nominal interest rate
Nakov, Anton - 2006
Persistent link: https://www.econbiz.de/10003411780
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The problem of social cost : the role of the state
Gillman, Max - In: International journal of social economics 26 (1999) 5/6, pp. 590-595
Persistent link: https://www.econbiz.de/10001429958
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Evaluating government policy in transition countries
Gillman, Max - 1999
Persistent link: https://www.econbiz.de/10001466092
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Second best credit policy in a cash-in-advance economy
Gillman, Max - 1992
Persistent link: https://www.econbiz.de/10000840087
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The welfare costs of inflation in a cash-in-advance economy with costly credit
Gillman, Max - 1992
Persistent link: https://www.econbiz.de/10000840089
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The problem of social cost : the role of state
Gillman, Max - 1994
Persistent link: https://www.econbiz.de/10000898587
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A comparison of partial and general equilibrium estimates of the welfare cost of inflation
Gillman, Max - 1995
Persistent link: https://www.econbiz.de/10000912138
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Standardising estimates of the welfare costs of inflation
Gillman, Max - 1993
Persistent link: https://www.econbiz.de/10000865820
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Free to choose : advocating national policy
Gillman, Max - 1993
Persistent link: https://www.econbiz.de/10000865829