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Inflation Hedges Financial Structure
Inflation Hedges and Economic Growth in
3 other sections not shown
a-a curve adaptive expectations Annual Rate b-b curve bank deposits banking sector capital gains income capital gains rate capital intensity capital market cash balances central bank chapter constraint consumption shadow price debt intermediation role decision making unit disposable income Economic Growth equation exogenous expected rate expected real function government transfer payments higher inflation rate income effect individual inflation hedge inflationary period irreproducible Korea Lagrangian multiplier LDCs Levhari-Patinkin model life-cycle model marginal productivity McKinnon Monetary Economy money balances nominal capital gains nominal interest rate non-human wealth output percent private households private yield productivity of real rate of change rate of nominal rate of population rate of return rate on inflation real balances real capital accumulation real capital gains real capital stock real estate real rate real yield role of money saddle point Sidrauski model social savings steady state capital store of value tangible assets Tobin's treasury-consistent variables worker real capital