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Inflation, Real Activity and Income Distribution

Bhattacharya, Joydeep - 2001

This paper develops a monetary growth model in which inflation affects credit market efficiency, and via this link, capital accumulation, and the incomes of agents. Some fraction of the population is capitalists, who have access to a risky but high return capital production technology. Capital...

Persistent link: https://www.econbiz.de/10014135958

Different measures, different trends : contradictions in macro and micro level growth measures

Juhász, Péter; Váradi, Kata; Száz, János; … - In: Journal of contemporary economic and business issues 4 (2017) 1, pp. 21-39

When focusing on business performance of a country, industry or an individual firm the performance of companies may be tracked using various measures. By simulating the behaviour of a simple firm, our model underlines that the choice of measurement unit determines what distortions we will face,...

Persistent link: https://www.econbiz.de/10011695372

MONETARY POLICY AND THEDISTRIBUTION OF INCOME

Bhattacharya, Joydeep - Iowa State University of Science and Technology <Ames, … - 2003

This paper represents a first attempt at a tractable analysis of how monetary policy influences the income distribution in an economy. It presents a monetary growth model in which inflation affects credit market efficiency, and via this link, influences capital accumulation, and the income...

Persistent link: https://www.econbiz.de/10009418926

Inflation, Taxes, and the Durability of Capital

Cohen, Darrel S.; Hassett, Kevin A. - 1998

Auerbach (1979, 1981) has demonstrated that inflation can lead to large inter-asset distortions, with the negative effects of higher inflation unambiguously declining with asset life. We show that this is true only if depreciation is treated as geometric for tax purposes. When depreciation is...

Persistent link: https://www.econbiz.de/10014219820

The New Keynesian Phillips Curve with Myopic Agents

Roos, Michael W. M. - 2011

Empirical estimations of the New Keynesian Phillips curve support hybrid versions with a positive weight on lagged inflation and a weight less than one on expected inflation. We argue that myopic price setting of some agents explains the low weight on expected inflation. The lagged term can be...

Persistent link: https://www.econbiz.de/10013120595

Economic growth under money illusion

Miao, Jianjun; Xie, Danyang - In: Journal of Economic Dynamics and Control 37 (2013) 1, pp. 84-103

Empirical and experimental evidence documents that money illusion is persistent and widespread. This paper incorporates money illusion into a stochastic continuous-time monetary model of endogenous growth. We model an agent's money illusion behavior by assuming that he maximizes nonstandard...

Persistent link: https://www.econbiz.de/10010594898

Calming the tide : private investment and macroeconomic uncertainty in Nigeria

Orji, Anthony; Onyia, Arinze Matthew; Ani, Emeka Gabriel - In: Asian Journal of Empirical Research 3 (2013) 5, pp. 633-653

This study is undertaken to determine the relative impacts of the uncertainty of macroeconomic variables on investment and make policy recommendations that may help dampen their fluctuations. In the study, generalized autoregressive conditional heteroscedasticity (GARCH) model was applied in the...

Persistent link: https://www.econbiz.de/10009779165

Does inflation harm corporate investment? Empirical evidence from OECD countries

Ciżkowicz, Piotr; Rzońca, Andrzej - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-16, pp. 1-38

Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts to answer the question what the direction and strength of this possible impact is, examining the relationship between corporate investment and inflation on the sample of 21 OECD...

Persistent link: https://www.econbiz.de/10010312014

Does inflation harm corporate investment? : empirical evidence from OECD countries

Ciżkowicz, Piotr; Rzońca, Andrzej - 2013

Persistent link: https://www.econbiz.de/10009731387

Trade openness, market competition, and inflation : some sectoral evidence from OECD countries

Binici, Mahir; Cheung, Yin-Wong; Lai, Kon-sun - 2011

countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after … openness becomes insignificant in explaining inflation. The results support that changes in market competitiveness and …

Persistent link: https://www.econbiz.de/10009489291

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