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Inflation Aversion

Heng-Fu Zou (), Liutang Gong () and Xinsheng Zeng
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Xinsheng Zeng: Wuhan University

No 481, CEMA Working Papers from China Economics and Management Academy, Central University of Finance and Economics

Abstract: With inflation aversion, an increase in the monetary growth rate decreases the steady-state value of capital stock, consumption, and real balance holding.

Keywords: Inflation aversion; Capital accumulation; Money (search for similar items in EconPapers)
JEL-codes: D91 E63 O23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-mon and nep-upt
Date: 2011
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Published in Annals of Economics and Finance, May 2011, pages 1-11

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