Anticipated inflation and the capital stock in a cash in-advance economy

Anticipated inflation and the capital stock in a cash in-advance economy

An economy is constructed in which the steady-state capital stock is inversely related to the rate of inflation, as a result that is directly opposite the usual conclusion.

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Bibliographische Detailangaben
Veröffentlicht in:Journal of monetary economics 1981-01, Vol.8 (3), p.387-393
1. Verfasser: Stockman, Alan C.
Format: Artikel
Sprache:eng
Schlagworte:
Anticipation
Capital stock
Consumption
Economic models
Economic theory
Growth
Inflation
Monetary theory
Money supply
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Beschreibung
Zusammenfassung:An economy is constructed in which the steady-state capital stock is inversely related to the rate of inflation, as a result that is directly opposite the usual conclusion.
ISSN:0304-3932
1873-1295
DOI:10.1016/0304-3932(81)90018-0