Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

Loughborough University Institutional Repository

Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/2402

Title: Inflation, variability, and the evolution of human capital in a model with transactions costs
Authors: Varvarigos, Dimitrios
Keywords: Money
Issue Date: 2006
Abstract: In a monetary growth model, I show that average inflation inhibits growth while inflation volatility enhances it. The effect of nominal volatility on human capital accumulation depends on the response of money demand and the corresponding extent of transactions costs rather than from a direct, precautionary motive.
Description: Economics Research Paper 06-16
URI: https://dspace.lboro.ac.uk/2134/2402
Appears in Collections:Working Papers (Economics)

Files associated with this item:

File Description SizeFormat
INF_VOL_GRO.pdf220.06 kBAdobe PDFView/Open


SFX Query

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.