dc.contributor.author |
Gupta, Rangan
|
|
dc.date.accessioned |
2012-02-07T06:21:29Z |
|
dc.date.available |
2012-02-07T06:21:29Z |
|
dc.date.issued |
2011 |
|
dc.description.abstract |
The paper develops a dynamic general equilibrium monetary endogenous
growth model. The closed economy model is inhabited by consumers, firms, a
Cournotian monopolistically competitive banking system, besides, an inflationtargeting
monetary authority, and, in turn, analyzes the effect of a tight monetary
(disinflationary) policy on growth. We show that the effect of a lower
inflation target on growth is ambiguous, with the ultimate effect depending on
the initial levels of growth and the individual bank size, besides, a whole host
of structural parameters defining the preferences and the production structure
of the economy. |
en |
dc.description.librarian |
nf2012 |
en |
dc.description.uri |
http://www.aeconf.net/index.htm |
en_US |
dc.identifier.citation |
Gupta, R 2011, 'Growth-effects of inflation targeting : the role of financial sector development', Annals of Economics and Finance, vol. 12, no. 1, pp. 65-87. |
en |
dc.identifier.issn |
1529-7373 |
|
dc.identifier.uri |
http://hdl.handle.net/2263/18025 |
|
dc.language.iso |
en |
en_US |
dc.publisher |
Peking University Press |
en_US |
dc.rights |
All rights of reproduction in any form reserved. |
en |
dc.subject |
Economic growth |
en |
dc.subject |
Financial sector development |
en |
dc.subject.lcsh |
Inflation targeting |
en |
dc.subject.lcsh |
Inflation (Finance) |
en |
dc.subject.lcsh |
Economic development |
en |
dc.title |
Growth-effects of inflation targeting : the role of financial sector development |
en |
dc.type |
Article |
en |