The Optimal Rate of Secular Inflation.
A generalized Keynes-Hicks macromodel is used to show that, given a demand function for money which has constant price and income elasticities, the elasticity of the magnitude of demand-induced recessions with respect to the rate of secular inflation is --1. An international cross-section of devel...
| Publicado en: | Journal of Political Economy Vol. 79; no. 5; pp. 962 - 983 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
University of Chicago Press
Sep/Oct71
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| Acceso en línea: | Ver este registro en EBSCOhost |