Money, capital and the Pigou effect

Arman Mansoorian

Economics Letters, 2012, vol. 117, issue 1, 354-356

Abstract: The effect of inflation on the capital stock is considered in an overlapping generations framework with a Cash-in-Advance constraint on consumption expenditures. The adjustment mechanism underlying the model is that of a traditional model with the real balance effect on savings.

Keywords: Inflation; Cash-in-advance; Overlapping generations; Capital (search for similar items in EconPapers)
JEL-codes: E21 E22 E31 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:1:p:354-356

DOI: 10.1016/j.econlet.2012.05.028

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