Contrasting Models of the Effect of Inflation on Growth
Contrasting Models of the Effect of Inflation on Growth
复制标题
通货膨胀对增长影响的模型对比
DOI：
10.1111/j.0950-0804.2005.00241.x
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发表时间：
2005
期刊：
影响因子：
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通讯作者：
Michal Kejak
中科院分区：
文献类型：
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作者：
Max Gillman;Michal Kejak
本文建立了一个嵌套模型，用于研究通货膨胀和内生增长的理论文献。它分析了不同类型的内生增长模型，不同的使用的物质和人力资本，不同的交换技术。首先，本文表明，一系列广泛的模型都可以产生显着的负面影响，通货膨胀对增长。第二，它表明，这些模型可以区分主要的事实，是否有一个托宾型的通货膨胀效应，也是否通货膨胀率的上升，非线性，或保持基本不变的通货膨胀率范围内的通货膨胀增长效应变得越来越弱。本文将这些模型的特征与经验证据进行比较，以总结模型的有效性。版权所有Blackwell Publishers Ltd，2005年。
The paper formulates a nesting model for studying the theoretical literature on inflation and endogenous growth. It analyses different classes of endogenous growth models, with different usage of physical and human capital, with different exchange technologies. First, the paper shows that a broad array of models can all generate significant negative effects of inflation on growth. Second, it shows that these models can be differentiated primarily by the fact whether there is a Tobin-type effect of inflation and also whether the inflation-growth effect becomes weaker as the inflation rate rises, a non-linearity, or stays essentially constant over the range of inflation rates. The paper compares these features of the models to empirical evidence as a way to summarize the efficacy of the models. Copyright Blackwell Publishers Ltd, 2005.