World Library  

Add to Book Shelf
Flag as Inappropriate
Email this Book

Monetary Policy and the Well-Being of the Poor

By Romer, Christina D.

Click here to view

Book Id: WPLBN0000049704
Format Type: PDF eBook
File Size: 0.3 MB
Reproduction Date: 2005
Full Text

Title: Monetary Policy and the Well-Being of the Poor  
Author: Romer, Christina D.
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Publication Date:
Publisher: The World Bank


APA MLA Chicago

Romer And David H. Rome, C. D. (n.d.). Monetary Policy and the Well-Being of the Poor. Retrieved from


High inflation creates uncertainty, generates expectations of future macroeconomic instability and distortionary policies, disrupts financial markets, and creates high effective tax rates on capital. It thereby discourages investment of all types: physical capital accumulation, human capital accumulation, innovation and research and development, and foreign direct investment and technology transfer. As a result, it can retard growth. Because macroeconomic instability is also likely to discourage investment, it can have similar effects. Furthermore, to the extent that high inflation and high variability generate uncertainty about the return to productive activities and increase the scope for activities that are privately but not socially beneficial, they may lower work effort and lead to rent seeking. This can also erode a country?s average standard of living.


Click To View

Additional Books

  • Fairy Tales of All Nations Translated an... (by )
  • Holiday Time on Butternut Hill (by )
  • The Emergence of Post-Modern Strategic M... (by )
  • Knights of the Grail (by )
  • Aunt Louisa's Wee Wee Stories 
  • A Child's Garden of Verses (by )
  • Peter Piper's Playmates (by )
  • Dutch Fairy Tales for Young Folks (by )
  • A Child's Garden of Verses 
  • The Marketing of Ideas and Social Issues (by )
  • The Adventures of Squirrel Fluffytail (by )
  • How Freckle Frog Made Herself Pretty (by )
Scroll Left
Scroll Right


Copyright © World Library Foundation. All rights reserved. eBooks from Hawaii eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.