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Endogenous growth, transitional dynamics and the welfare costs of inflation

Tristan-Pierre Maury ()

Economics Bulletin, 2003, vol. 5, issue 12, 1-8

Abstract: This paper quantifies the welfare costs of inflation in an endogenous growth setup when transitional dynamics are taken into account. We report much smaller costs than when these dynamics are omitted.

Keywords: endogenous; growth (search for similar items in EconPapers)
JEL-codes: E3 O4 (search for similar items in EconPapers)
Date: 2003-05-22
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