IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-00250791.html
   My bibliography  Save this paper

Inflation et accumulation du capital : le rôle de la substituabilité entre consommation et encaisses réelles

Author

Listed:
  • Patrick Villieu

    (MAD - Macroéconomie et Analyse des Déséquilibres - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

In a growth model à la Sidrauski [1967], the connection between the growth rate of money and capital accumulation is investigated with a CES utility function. It is seen to depend on the cross derivative of the utility function ( ). The analysis provides a simple explanation of Fisher [1979]'s puzzle : the effect of money growth on accumulation is decomposable into a relative-price effect (a nominal interest rate move) and the response of consumption to this move, which depends on the substituability between money and consumption in utility.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Patrick Villieu, 1992. "Inflation et accumulation du capital : le rôle de la substituabilité entre consommation et encaisses réelles," Post-Print halshs-00250791, HAL.
    • Handle: RePEc:hal:journl:halshs-00250791
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Patrick Villieu, 1993. "Crise de la balance des paiements et substituabilité entre monnaie et consommation," Revue Économique, Programme National Persée, vol. 44(3), pages 593-614.
    2. Patrick Villieu & Taoufik Rajhi, 1993. "Accélération monétaire et croissance endogène," Revue Économique, Programme National Persée, vol. 44(2), pages 257-286.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-00250791. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.