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題名 Inflation and Capital Accumulation in a Two-Sector Cash-in-Advance Economy
作者 Huo, Teh-Ming
霍德明
貢獻者 金融系
日期 1997-01
上傳時間 12-Oct-2015 11:45:06 (UTC+8)
摘要 This paper studies a dynamic two-sector model in which money is introduced through a cash-in-advance constraint. A perfectly anticipated inflation changes the relative price between consumption goods, as they are differentially subject to the cash-in-advance constraint. Contrary to the conclusion of Stockman (1981), inflation may either increase or decrease capital accumulation, even though only consumption goods is subject to the cash-in-advance constraint.
關聯 Journal of Macroeconomics, 19(1), 103-115
資料類型 article
DOI http://dx.doi.org/10.1016/S0164-0704(97)00006-2
dc.contributor 金融系
dc.creator (作者) Huo, Teh-Ming
dc.creator (作者) 霍德明zh_TW
dc.date (日期) 1997-01
dc.date.accessioned 12-Oct-2015 11:45:06 (UTC+8)-
dc.date.available 12-Oct-2015 11:45:06 (UTC+8)-
dc.date.issued (上傳時間) 12-Oct-2015 11:45:06 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/78931-
dc.description.abstract (摘要) This paper studies a dynamic two-sector model in which money is introduced through a cash-in-advance constraint. A perfectly anticipated inflation changes the relative price between consumption goods, as they are differentially subject to the cash-in-advance constraint. Contrary to the conclusion of Stockman (1981), inflation may either increase or decrease capital accumulation, even though only consumption goods is subject to the cash-in-advance constraint.
dc.format.extent 86297 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Journal of Macroeconomics, 19(1), 103-115
dc.title (題名) Inflation and Capital Accumulation in a Two-Sector Cash-in-Advance Economy
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1016/S0164-0704(97)00006-2
dc.doi.uri (DOI) http://dx.doi.org/10.1016/S0164-0704(97)00006-2