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Endogenous growth, transitional dynamics and the welfare costs of inflation

Author

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  • Tristan-Pierre Maury

    (MODEM, University Paris X - Nanterre)

Abstract

This paper quantifies the welfare costs of inflation in an endogenous growth setup when transitional dynamics are taken into account. We report much smaller costs than when these dynamics are omitted.

Suggested Citation

  • Tristan-Pierre Maury, 2003. "Endogenous growth, transitional dynamics and the welfare costs of inflation," Economics Bulletin, AccessEcon, vol. 5(12), pages 1-8.
    • Handle: RePEc:ebl:ecbull:eb-02e30009
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    File URL: http://www.accessecon.com/pubs/EB/2003/Volume5/EB-02E30009A.pdf
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    Cited by:

    1. Matheron, Julien & Maury, Tristan-Pierre, 2004. "The welfare cost of monopolistic competition: a quantitative assessment," Economic Modelling, Elsevier, vol. 21(6), pages 933-948, December.

    More about this item

    Keywords

    endogenous growth;

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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