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Money, Growth and Finite Horizons

Alberto Rodolfo Petrucci ()

Economics & Statistics Discussion Papers from University of Molise, Dept. EGSeI

Abstract: 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
Date: 2004-07-08
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Journal Article: Money, growth and finite horizons (2005) Downloads
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Persistent link: http://EconPapers.repec.org/RePEc:mol:ecsdps:esdp04018

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