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Growth and Welfare Effects of Monetary Expansion in an Overlapping-generations Economy

โœ Scribed by Kazuo Mino; Akihisa Shibata


Book ID
108566486
Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
376 KB
Volume
51
Category
Article
ISSN
1352-4739

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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