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Social status, human capital formation and super-neutrality in a two-sector monetary economy

โœ Scribed by Hung- Ju Chen


Book ID
116424164
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
300 KB
Volume
28
Category
Article
ISSN
0264-9993

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Social status and long-run effects of mo
โœ Hung-Ju Chen ๐Ÿ“‚ Article ๐Ÿ“… 2011 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 280 KB

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