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
✦ LIBER ✦
Short-run and long-run effects of monetary policy in a general equilibrium model with bank reserves
✍ Scribed by Pedro J. Gutiérrez
- Book ID
- 116423670
- Publisher
- Elsevier Science
- Year
- 2006
- Tongue
- English
- Weight
- 530 KB
- Volume
- 23
- Category
- Article
- ISSN
- 0264-9993
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