Chia-Hui, Lu; Been-Lon, Chen; Mei, Hsu - In: The B.E. Journal of Macroeconomics 11 (2011) 1, pp. 1-29
This paper studies the dynamic relationship between inflation and output growth in neoclassical growth models with endogenous cash constraints. We show this dynamic relationship is negative if the degree of cash constraints on investment is smaller than the degree of cash constraints on...