Basu, Parantap; Gillman, Max; Pearlman, Joseph Gerson - Economics Section, Cardiff Business School - 2009
A pervasive empirical finding for the US economy is that inflation is negatively correlated with the normalized market price of capital (Tobin's q) and growth. A dynamic stochastic general equilibrium model of endogenous growth is developed to explain these stylized facts. In this model, human...
