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Inflation, investment and growth: a money and banking approach
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SYSNO ASEP 0359867 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Inflation, investment and growth: a money and banking approach Author(s) Gillman, M. (GB)
Kejak, Michal (NHU-N) RIDSource Title Economica - ISSN 0013-0427
Roč. 78, č. 310 (2011), s. 260-282Number of pages 23 s. Language eng - English Country GB - United Kingdom Keywords inflation ; investments ; economic development Subject RIV AH - Economics R&D Projects LC542 GA MŠMT - Ministry of Education, Youth and Sports (MEYS) CEZ AV0Z70850503 - NHU-N (2005-2011) UT WOS 000288381200004 EID SCOPUS 79952671880 DOI 10.1111/j.1468-0335.2009.00814.x Annotation 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. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2012
Number of the records: 1