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Inflation, investment and growth: a money and banking approach

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    0359867 - NHÚ 2012 RIV GB eng J - Journal Article
    Gillman, M. - Kejak, Michal
    Inflation, investment and growth: a money and banking approach.
    Economica. Roč. 78, č. 310 (2011), s. 260-282. ISSN 0013-0427. E-ISSN 1468-0335
    R&D Projects: GA MŠMT LC542
    Institutional research plan: CEZ:AV0Z70850503
    Keywords : inflation * investments * economic development
    Subject RIV: AH - Economics
    Impact factor: 1.152, year: 2011

    Output growth, investment and the real interest rate in long-run evidence tend to be negatively affected by inflation. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the investment rate, opposing evidence.
    Permanent Link: http://hdl.handle.net/11104/0197564

     
     
Number of the records: 1  

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