Inflation, growth and policy coordination
The effect of monetary policy on output growth and inflation is examined in a monetary endogenous growth model with an explicit banking sector that intermediates capital. Monetary policy is coordinated with fiscal policy in the sense that all the seigniorage revenue gleaned through the inflation tax...
| Vydáno v: | Philippine Review of Economics and Business (formerly The Philippine Review of Business and Economics) Vol. XXXIII, no. 2 (Dec. 1996), 253-282 |
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| Médium: | Článek |
| Jazyk: | English |
| Vydáno: |
1996
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