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題名 Inflation and Pattern of Trade in a Dynamic Specific-Factors Model with Money
作者 Shi-Feng Chuang;Teh-Ming Huo;林柏生
關鍵詞 Cash in Advance; Dynamic Specific-Factors Model; Inflation; Pattern of Trade.
日期 2005-06
上傳時間 3-Dec-2008 13:54:20 (UTC+8)
摘要 This paper presents a dynamic specific-factors model with money introduced through a cash-in-advance constraint. Two types of consumption goods are produced, and three types of factors—labor, capital, and land—are used. The cash-in-advance constraint is imposed on different sets of goods. When the constraint is imposed exclusive of the investment, inflation affects the pattern (and volume) of trade through a commodity-substitution effect. When the constraint is imposed inclusive of the investment, inflation may affect the pattern of trade through both the commodity-substitution effect and the factor-supply effect. In each case, we examine and prove the dynamic stability property of the steady-state equilibrium.
關聯 Macroeconomic Dynamics, 9(3), 358-371
資料類型 article
DOI http://dx.doi.org/10.1017.S1365100505040198
dc.creator (作者) Shi-Feng Chuang;Teh-Ming Huo;林柏生en_US
dc.date (日期) 2005-06en_US
dc.date.accessioned 3-Dec-2008 13:54:20 (UTC+8)-
dc.date.available 3-Dec-2008 13:54:20 (UTC+8)-
dc.date.issued (上傳時間) 3-Dec-2008 13:54:20 (UTC+8)-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/12497-
dc.description.abstract (摘要) This paper presents a dynamic specific-factors model with money introduced through a cash-in-advance constraint. Two types of consumption goods are produced, and three types of factors—labor, capital, and land—are used. The cash-in-advance constraint is imposed on different sets of goods. When the constraint is imposed exclusive of the investment, inflation affects the pattern (and volume) of trade through a commodity-substitution effect. When the constraint is imposed inclusive of the investment, inflation may affect the pattern of trade through both the commodity-substitution effect and the factor-supply effect. In each case, we examine and prove the dynamic stability property of the steady-state equilibrium.-
dc.format application/en_US
dc.language enen_US
dc.language en-USen_US
dc.language.iso en_US-
dc.relation (關聯) Macroeconomic Dynamics, 9(3), 358-371en_US
dc.subject (關鍵詞) Cash in Advance; Dynamic Specific-Factors Model; Inflation; Pattern of Trade.-
dc.title (題名) Inflation and Pattern of Trade in a Dynamic Specific-Factors Model with Moneyen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1017.S1365100505040198en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1017.S1365100505040198en_US