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Monetary Policy and Inflation Expectations in Latin America: Long-Run Effects and Volatility Spillovers

โœ Scribed by LUIZ DE MELLO; DIEGO MOCCERO


Book ID
109147030
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
188 KB
Volume
41
Category
Article
ISSN
0022-2879

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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