Heng-Fu Zou (),
Liutang Gong () and
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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
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
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Published in Annals of Economics and Finance, May 2011, pages 1-11
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Journal Article: Inflation Aversion (2011)
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Persistent link: http://EconPapers.repec.org/RePEc:cuf:wpaper:481
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