Cash-in-Advance Constraint with Status in a Neoclassical Growth Model
نویسندگان
چکیده
منابع مشابه
Anticipated Inflation in a Neoclassical Growth Model with a Cash-in-advance Constraint
Sufficient conditions for the long run non-superneutrality of money are established in a neoclassical growth model with a labor-leisure choice. Money is held to satisfy a cash-in-advance constraint on consumption purchases. Production requires capital and labor while period utility depends on consumption and leisure. Sufficient conditions for increased money growth to reduce output in the long ...
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ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2013
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2013.35049