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| Tristan-Pierre Maury |
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| ''Endogenous growth, transitional dynamics and the welfare costs of inflation'' |
| ( 2003, Vol. 5 No.12 ) |
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| This paper quantifies the welfare costs of inflation in an endogenous growth setup when transitional dynamics are taken into account. We report much smaller costs than when these dynamics are omitted. |
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| Keywords: endogenous growth |
JEL: E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
O4 - Economic Growth and Aggregate Productivity: General |
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| Manuscript Received : Feb 21 2003 | | Manuscript Accepted : May 22 2003 |
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