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

Chia-Hui Lu, Been-Lon Chen and Hsu Mei ()
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Hsu Mei: National Taipei University

The B.E. Journal of Macroeconomics, 2011, vol. 11, issue 1, 29

Abstract: 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.

Keywords: capital accumulation; cash constraint; dynamics (search for similar items in EconPapers)
Date: 2011
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DOI: 10.2202/1935-1690.2145

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