Bose, Niloy; Murshid, Antu - In: Topics in Macroeconomics 8 (2008) 1, pp. 1506-1506
This paper examines the growth-effects of inflation at alternative stages of financial development. We propose an endogenous growth model where intermediated savings generate capital. Informational problems cause banks to ration credit and hold liquid assets offering (real) returns that vary...