Economics at your fingertips  

Alternative Approaches to Money and Growth

Ping Wang () and Chong Yip

Journal of Money, Credit and Banking, 1992, vol. 24, issue 4, 553-62

Abstract: 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.

Date: 1992
References: Add references at CitEc
Citations View citations in EconPapers (96) Track citations by RSS feed

Downloads: (external link) ... 0.CO%3B2-X&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West

More articles in Journal of Money, Credit and Banking from Blackwell Publishing
Series data maintained by Wiley-Blackwell Digital Licensing ().

Page updated 2018-01-04
Handle: RePEc:mcb:jmoncb:v:24:y:1992:i:4:p:553-62