Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9549379 | Economics Letters | 2005 | 5 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alberto Petrucci,