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Money, Social Status, and Capital Accumulation in a Cash-in-Advance Model.: An article from: Journal of Money, Credit & Banking

Money, Social Status, and Capital Accumulation in a Cash-in-Advance Model.: An article from: Journal of Money, Credit & Banking
This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on May 1, 2001. The length of the article is 3597 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: This paper presents an infinite-horizon model of optimal capital accumulation with the social-status concern and the cash-in-advance constraint. When the cash-in-advance constraint applies to both consumption and investment, money is not superneutral. If only consumption is subject to the cash-in-advance constraint, inflation increases capital accumulation.

Citation Details
Title: Money, Social Status, and Capital Accumulation in a Cash-in-Advance Model.
Author: Liutang Gong
Publication: Journal of Money, Credit & Banking (Refereed)
Date: May 1, 2001
Publisher: Ohio State University Press
Volume: 33 Issue: 2 Page: 284

Distributed by Thomson Gale

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