Orphanides, Athanasios; Solow, Robert M. - In: Handbook of monetary economics : volume 1, (pp. 223-261). 1990
Different long-run rates of growth of money supply are eventually reflected in different rates of inflation. Tobin … growth was associated with higher capital stock and output per person in the steady state. Faster inflation led savers to … rate is not affected by inflation. It examines the Fisher relation and focuses on deviations from the one infinitely lived …