Category: Working Papers

050 Inflation and Endogenous Growth in Underground Economies

2004 06 wiiw bo wp 050 Max Gillman and Dario Cziráky Inflation and Endogenous Growth in Underground Economies (PDF) Abstract The paper examines the effect of inflation on the growth rate in economies with underground, or ”non-market”, sectors. The model incorporates a non-market good into an endogenous growth cash-inadvance economy with human capital. Taxes on […]

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