We develop a two-sector monetary economy with human capital accumulation and a cash constraint applied to both consumption and investment to examine the ways in which social status affects the impact of monetary policy on the long-run economic growth rate. Our findings suggest that the formation of
A test of the endogeneity of monetary policy
โ Scribed by Richard T. Froyen
- Publisher
- Elsevier Science
- Year
- 1974
- Tongue
- English
- Weight
- 985 KB
- Volume
- 2
- Category
- Article
- ISSN
- 0304-4076
No coin nor oath required. For personal study only.
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