Inflation, Liquidity and Innovation

Inflation, Liquidity and Innovation

This paper presents a simple model with financial frictions where inflation increases the cost faced by firms holding liquid assets to hedge risky production against expenditure shocks. Inflation tilts firms' technology choice away from innova...

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Bibliographic Details
Main Authors: Evers, Michael, Niemann, Stefan, Schiffbauer, Marc
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
INFLATION
LIQUIDITY
INNOVATION
INVESTMENT
TECHNOLOGY
TECHNOLOGICAL CHANGE
Online Access:http://documents.worldbank.org/curated/en/544711525968321874/Inflation-liquidity-and-innovation
http://hdl.handle.net/10986/29842

Internet

http://documents.worldbank.org/curated/en/544711525968321874/Inflation-liquidity-and-innovation
http://hdl.handle.net/10986/29842

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