The Inflation Under The Influence Of Preferences

Posted on:2005-07-03

Degree:Master

Type:Thesis

Country:China

Candidate:Z Li

Full Text:PDF

GTID:2156360122991428

Subject:Operational Research and Cybernetics

Abstract/Summary:

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In this paper,the autor discussed the inflation under the influence of the preferences. It is showed that if the agent's preference is weakly homothecity, the expected inflation rate will rise when the agent become more risk averse.

Keywords/Search Tags:

Inflation, Preference, Cash-in-Advance model, CRRA utility function

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