Money, Growth and Finite Horizons
Alberto Petrucci ()
Economics & Statistics Discussion Papers from University of Molise, Dept. EGSeI
The implications of endogenous labor supply for money superneutrality in OLG economies are analyzed. Inflation increases capital and output, while it affects labor ambiguously in a closed economy. Inflation reduces capital and output, but stimulates wealth in an open economy.
Keywords: Inflation; Capital accumulation; Labor supply; Overlapping generations. (search for similar items in EconPapers)
JEL-codes: E50 E52 O42 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-mon
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Journal Article: Money, growth and finite horizons (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:mol:ecsdps:esdp04018
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