The Inflation Tax in a Real Business Cycle Model

Money is incorporated into a real business cycle model using a cash-in-advance constraint. The model economy is used to analyze whether the business cycle is different in high inflation and low inflation economies and to analyze the impact of variability in the growth rate of money. In addition, the...

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Veröffentlicht in:	The American economic review 1989-09, Vol.79 (4), p.733-748
Hauptverfasser:	Cooley, Thomas F., Hansen, Gary D.
Format:	Artikel
Sprache:	eng
Schlagworte:	Business & industry Business cycles Capital stocks Economic conditions Economic fluctuations Economic growth Economic growth rate Economic modeling Economic models Economic theory Economics Economy GNP Gross National Product Inflation Inflation rates Inflation tax Money Money supply Statistical analysis Steady state economies Taxation economics Taxes
Online-Zugang:	Volltext
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