Anticipated Inflation in a Monetary Economy with Endogenous Growth
Bibliographic Data
| ID | 9724622 |
|---|---|
| Authors | Wen‐Ya Chang (Fu Jen Catholic University), Ching‐Chong Lai (0000-0003-3247-8562, Academia Sinica) |
| Year | 2000 |
| Volume | 67 |
| Issue | 267 |
| Pages | 399-417 |
| Publication date | 2000-08-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1468-0335.00215 |
| OpenAlex | W2013774511 |
| Language | EN |
| References cited | 9 |
This paper makes a new attempt to investigate the role of anticipatedmonetary growth in economic growth. Combining the Barro (1990)–Rebelo (1991)‐type endogenous growth model with Sidrauski's (1967) framework, we show that the pre‐announcement of money supply behaviour may have significant effects on the rate of growth during the transition process. The key factor indetermining adjustment patterns of the economy to anticipated monetary changes is the degree of relative risk aversion. However, changes in the rate of monetary growth do not affect the rate of long‐run growth regardless of the degree of relative risk aversion
Economics · Endogenous growth theory · Expected utility hypothesis · Financial economics · Inflation (cosmology) · Market economy · Monetary economics · Monetary policy · Money supply · Risk aversion (psychology) · Economic Growth and Productivity · Economic theories and models · Fiscal Policy and Economic Growth
Money and Economic Growth
Fiscal Policy in an Endogenous Growth Model
Long-Run Policy Analysis and Long-Run Growth
Anticipated Shocks and Exchange Rate Dynamics
Government Spending in a Simple Model of Endogeneous Growth
Increasing Returns and Long-Run Growth
A Convex Model of Equilibrium Growth
Monetary Policy, Overlapping Generations, and Patterns of Growth
Economic Dynamics
| Highly cited | No |
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