Inflation, Growth, and Impatience in a Generalized Cash-in-Advance Economy
نویسندگان
چکیده
منابع مشابه
Inflation and Output in a Cash Constrained Economy
We examine permanent effects of monetary expansion in an economy where access to credit for financing consumption and investment is limited and consumers and firms are cash-constrained. The main difference between our model with those of Cooley-Hanson (1989) and Walsh (2003) is that investment, in addition to consumption, is subject to a cash-constraint. In this respect, our model is...
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ژورنال
عنوان ژورنال: International Journal of Financial Research
سال: 2012
ISSN: 1923-4031,1923-4023
DOI: 10.5430/ijfr.v3n3p2