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Monetary and fiscal policy in interdependent two-sector economies

✍ Scribed by Rob De Groof; Eric Schaling


Publisher
Springer
Year
1991
Tongue
English
Weight
964 KB
Volume
139
Category
Article
ISSN
0013-063X

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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