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dc.contributor.author | Gupta, Rangan![]() |
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dc.contributor.author | Makena, Philton![]() |
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dc.date.accessioned | 2020-07-13T08:55:20Z | |
dc.date.available | 2020-07-13T08:55:20Z | |
dc.date.issued | 2019-11 | |
dc.description.abstract | This paper reexamines the theoretical relationship between inflation and output growth by introducing inflation aversion in a standard overlapping generations monetary endogenous growth model with productive public expenditure. We show that when the time preference parameter is a negative function of expected money growth rate, then the theoretical growth-inflation relationship that emerges is "hump-shaped". This finding is consistent with recent empirical literature. | en_ZA |
dc.description.department | Economics | en_ZA |
dc.description.librarian | am2020 | en_ZA |
dc.description.uri | http://www.aeconf.net/index.htm | en_ZA |
dc.identifier.citation | Gupta, R & Makena, P 2019, 'Inflation aversion and the growth-inflation relationship', Annals of Economics and Finance, vol. 20, no. 2, pp. 803-815. | en_ZA |
dc.identifier.issn | 1529-7373 | |
dc.identifier.uri | http://hdl.handle.net/2263/75164 | |
dc.language.iso | en | en_ZA |
dc.publisher | Annals of Economics and Finance | en_ZA |
dc.rights | © 2019 Annals of Economics and Finance | en_ZA |
dc.subject | Inflation | en_ZA |
dc.subject | Inflation aversion | en_ZA |
dc.subject | Endogenous growth | en_ZA |
dc.subject | Output growth | en_ZA |
dc.subject | Public expenditure | en_ZA |
dc.title | Inflation aversion and the growth-inflation relationship | en_ZA |
dc.type | Article | en_ZA |