Alternative Approaches to Money and Growth
Ping Wang () and
Journal of Money, Credit and Banking, 1992, vol. 24, issue 4, 553-62
This paper reexamines the issue of money and growth in an economy with both endogenous labor supply and endogenous capital stock using three recently developed approaches: the money-in-the-utility-function approach, the cash-in-advance approach, and the transactions-costs approach. By establishing a qualitative equivalence between alternative setups, the authors find economically justifiable conditions such that all comparative statics results derived.from the aforementioned approaches are identical. Copyright 1992 by Ohio State University Press.
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Working Paper: ALTERNATIVE APPROACHES TO MONEY AND GROWTH (1989)
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Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:24:y:1992:i:4:p:553-62
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