| dc.contributor | 經濟系 | |
| dc.creator (作者) | 洪福聲 | |
| dc.creator (作者) | Hung, Fu-Sheng | |
| dc.date (日期) | 2003-03 | |
| dc.date.accessioned | 21-Nov-2018 16:16:34 (UTC+8) | - |
| dc.date.available | 21-Nov-2018 16:16:34 (UTC+8) | - |
| dc.date.issued (上傳時間) | 21-Nov-2018 16:16:34 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/120965 | - |
| dc.description.abstract (摘要) | A simple endogenous growth model is developed to illustrate the important role played by inflation in determining the effects of financial development on economic growth. In the model, money is needed for loan transactions and the operations of financial markets are subject to informational imperfections. Results demonstrate that if a government`s spending share is relatively large, then multiple equilibria arise under which financial development, measured by a decrease in the monitoring cost, is shown to raise inflation and reduce economic growth for countries with relatively high initial inflation rates. Only when initial inflation rates are relatively low will financial development reduce inflation and promote growth. Effects of an expansion policy in which the government raises its spending share on equilibrium inflation and economic growth are also examined. | en_US |
| dc.format.extent | 203188 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | International Review of Economics and Finance, Volume 12, Issue 1, Pages 45-67 | |
| dc.subject (關鍵詞) | Inflation; Financial development; Endogenous growth; Informational imperfections; Credit rationing | en_US |
| dc.title (題名) | Inflation, Financial Development, and Economic Growth | en_US |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/S1059-0560(02)00109-0 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/S1059-0560(02)00109-0 | |
