- PII
- S042473880000616-6-1
- DOI
- 10.7868/S0000616-6-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume 50 / Issue 4
- Pages
- 89-103
- Abstract
Asset inflation and credit expansion are considered as the instruments for implementation of long-term optimum for an overlapping generations model. We show the role of credit in supporting a high rate of asset price inflation, which outpaces the growth rate of GDP and provides optimal wealth allocation between generations. A link between optimal asset inflation and optimal monetary policy is demonstrated.
- Keywords
- asset inflation, credit expansion, overlapping generations, social welfare function, monetary policy
- Date of publication
- 01.10.2014
- Year of publication
- 2014
- Number of purchasers
- 1
- Views
- 913
RAS Social ScienceЭкономика и математические методы Economics and the Mathematical Methods
- ISSN (Print) 0424-7388
- ISSN (Online) 3034-6177
ASSET INFLATION AND CREDIT EXPANSION IN AN OVERLAPPING GENERATIONS ECONOMY
Indexing
Scopus
Crossref
Higher Attestation Commission
At the Ministry of Education and Science of the Russian Federation
Scientific Electronic Library