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Inflation, credit, and indexed unit of account
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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Choi, Hyung Sun | - |
| dc.contributor.author | Kwon, Ohik | - |
| dc.contributor.author | Lee, Manjong | - |
| dc.date.accessioned | 2021-09-04T04:41:36Z | - |
| dc.date.available | 2021-09-04T04:41:36Z | - |
| dc.date.created | 2021-06-18 | - |
| dc.date.issued | 2016-01 | - |
| dc.identifier.issn | 1059-0560 | - |
| dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/90030 | - |
| dc.description.abstract | A simple monetary model is constructed to study the implications of an indexed unit of account (INDEXED-UOA). In an economy with an INDEXED-UOA, the credit-trade friction attributed to inflation can be resolved and unexpected inflation causes no redistribution effect between debtors and creditors. However, in an economy without an INDEXED-UOA, credit trades occur only if inflation is not too high and unexpected inflation renders debtors better off, but creditors worse off. In a high-inflation economy, money is used as a unit of account for spot trades only and an INDEXED-UOA emerges as a unit of account for deferred-payment trades. (c) 2015 Elsevier Inc All rights reserved. | - |
| dc.language | English | - |
| dc.language.iso | en | - |
| dc.publisher | ELSEVIER | - |
| dc.subject | MONEY | - |
| dc.title | Inflation, credit, and indexed unit of account | - |
| dc.type | Article | - |
| dc.contributor.affiliatedAuthor | Kwon, Ohik | - |
| dc.contributor.affiliatedAuthor | Lee, Manjong | - |
| dc.identifier.doi | 10.1016/j.iref.2015.08.015 | - |
| dc.identifier.scopusid | 2-s2.0-84958599583 | - |
| dc.identifier.wosid | 000367776600011 | - |
| dc.identifier.bibliographicCitation | INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, v.41, pp.144 - 154 | - |
| dc.relation.isPartOf | INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | - |
| dc.citation.title | INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | - |
| dc.citation.volume | 41 | - |
| dc.citation.startPage | 144 | - |
| dc.citation.endPage | 154 | - |
| dc.type.rims | ART | - |
| dc.type.docType | Article | - |
| dc.description.journalClass | 1 | - |
| dc.description.journalRegisteredClass | ssci | - |
| dc.description.journalRegisteredClass | scopus | - |
| dc.relation.journalResearchArea | Business & Economics | - |
| dc.relation.journalWebOfScienceCategory | Business, Finance | - |
| dc.relation.journalWebOfScienceCategory | Economics | - |
| dc.subject.keywordPlus | MONEY | - |
| dc.subject.keywordAuthor | Indexed unit of account | - |
| dc.subject.keywordAuthor | Deferred payment | - |
| dc.subject.keywordAuthor | Inflation | - |
| dc.subject.keywordAuthor | Welfare | - |
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