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Money, Growth and Finite Horizons.
Abstract
The implications of endogenous labor supply for money superneutrality in OLG economies are analyzed. Inflation increases capital and output, while it affects labor ambiguously in a closed economy. Inflation reduces capital and output, but stimulates wealth in an open economy.Inflation; Capital accumulation; Labor supply; Overlapping generations.Similar works
This paper was published in Research Papers in Economics.
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