On money and capital with durable goods
If expenditures on non-durables are more heavily financed with money than expenditures on durables then after an increase in the inflation rate there will be capital deccumulation followed by capital accumulation. Money is superneutral in the long run.
Year of publication: |
2010
|
---|---|
Authors: | Mansoorian, Arman ; Michelis, Leo |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 107.2010, 1, p. 36-38
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Publisher: |
Elsevier |
Subject: | Inflation Money Durables Capital |
Saved in:
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