https://scholars.lib.ntu.edu.tw/handle/123456789/364290
DC Field | Value | Language |
---|---|---|
dc.contributor.author | HUNG-JU CHEN | en |
dc.creator | Chen, H.-J. | - |
dc.date.accessioned | 2018-09-10T08:40:03Z | - |
dc.date.available | 2018-09-10T08:40:03Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://www.scopus.com/inward/record.url?eid=2-s2.0-78650511923&partnerID=MN8TOARS | - |
dc.identifier.uri | http://scholars.lib.ntu.edu.tw/handle/123456789/364290 | - |
dc.description.abstract | We develop a two-sector monetary economy with human capital accumulation and a cash constraint applied to both consumption and investment to examine the ways in which social status affects the impact of monetary policy on the long-run economic growth rate. Our findings suggest that the formation of human capital is an important determinant to the super-neutrality of money in the growth-rate sense. Within an economy with Lucas-type human capital formation, money is super-neutral; however, within an economy where human capital accumulation formation is more generalized, and in which both physical and human capital are used as inputs, the growth rate in money will have a negative effect on the long-run growth rate of the economy. The existence, uniqueness and saddle-path stability of balanced-growth equilibrium are also examined. © 2010 Elsevier B.V. | - |
dc.language | en | en |
dc.relation.ispartof | Mathematical Social Sciences | - |
dc.source | AH | - |
dc.subject | Cash-in-advance economy; Endogenous growth; Social status | - |
dc.subject.classification | [SDGs]SDG8 | - |
dc.title | Social status and long-run effects of monetary policy in a two-sector monetary economy of endogenous growth | - |
dc.type | journal article | en |
dc.identifier.doi | 10.1016/j.mathsocsci.2010.11.002 | - |
dc.relation.pages | 71-79 | - |
dc.relation.journalvolume | 61 | - |
dc.relation.journalissue | 1 | - |
item.fulltext | no fulltext | - |
item.openairetype | journal article | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.grantfulltext | none | - |
item.cerifentitytype | Publications | - |
crisitem.author.dept | Economics | - |
crisitem.author.orcid | 0000-0001-7775-8571 | - |
crisitem.author.parentorg | College of Social Sciences | - |
Appears in Collections: | 經濟學系 |
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