Bhattacharya, Joydeep - Iowa State University of Science and Technology <Ames, … - 2003
in an economy. It presents a monetary growth model in which inflation affects credit market efficiency, and via this link … workers' savings, and is subject to a costly state verification (CSV) problem. Successful capitalists leave bequests to their … offspring which serve as internal finance, more of which promotes credit market efficiency and capital formation. Inflation acts …