Utilize este identificador para referenciar este registo:
https://hdl.handle.net/10316/98788
Título: | Inflation, economic growth and education expenditure | Autor: | Sequeira, Tiago Neves | Palavras-chave: | : endogenous economic growth, inflation, interest rate, monetary policy, cash-in-advance (CIA) | Data: | 9-Mar-2021 | Volume: | 99 | Resumo: | Recent evidence shows that different inflation rates have effects on long-run economic growth. We follow the increasing interest in the issue offering a new explanation for the influence of monetary policy on economic growth: cash re¬quirements for household expenditures in education. We devise an endogenous growth model with cash-in-advance (CIA) constraints in several sectors (education, horizontal R&D, vertical R&D, and manufacturing and consumption) and study its steady-state and transitional dynamics. In particular, the CIA con¬straint in education expenditures of households is essential to obtain a negative relationship between inflation and economic growth in the long-run. Quan¬titatively, this monetary endogenous growth model replicates both the small influence of monetary policy on growth, while highlighting the effects it can have on welfare and the allocation of resources in different sectors of the economy | URI: | https://hdl.handle.net/10316/98788 | ISSN: | 02649993 | DOI: | 10.1016/j.econmod.2021.02.016 | Direitos: | embargoedAccess |
Aparece nas coleções: | I&D CeBER - Artigos em Revistas Internacionais |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
---|---|---|---|---|
Inflation, Economic Growth, and Education Expenditure.pdf | Inflation, Economic Growth, and Education Expenditure | 1.25 MB | Adobe PDF | Ver/Abrir |
Citações SCOPUSTM
7
Visto em 1/mai/2023
Citações WEB OF SCIENCETM
12
Visto em 2/mar/2024
Visualizações de página
156
Visto em 25/set/2024
Downloads
90
Visto em 25/set/2024
Google ScholarTM
Verificar
Altmetric
Altmetric
Este registo está protegido por Licença Creative Commons