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Real Money Balances: An Omitted Variable from the Production Functions?

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  • Sinai, Allen
  • Stokes, Houston H

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  • Sinai, Allen & Stokes, Houston H, 1972. "Real Money Balances: An Omitted Variable from the Production Functions?," The Review of Economics and Statistics, MIT Press, vol. 54(3), pages 290-296, August.
  • Handle: RePEc:tpr:restat:v:54:y:1972:i:3:p:290-96
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    Cited by:

    1. Fernandez-Corugedo, Emilio & McMahon, Michael & Millard, Stephen & Rachel, Lukasz, 2011. "Understanding the macroeconomic effects of working capital in the United Kingdom," Bank of England working papers 422, Bank of England.
    2. Jonathan Benchimol, 2015. "Money in the production function: A new Keynesian DSGE perspective," Southern Economic Journal, Southern Economic Association, vol. 82(1), pages 152-184, July.
    3. Erdem BaÅçi & Syed F. Mahmud & Eray M. Yucel, 2007. "Money and Productive Efficiency: Evidence from a High-Inflation Country," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 43(1), pages 64-73, February.
    4. Darrat, Ali F. & Al-Yousif, Yousif K., 1998. "Does money matter in developing economies? Some evidence from the Solow estimator," Review of Financial Economics, Elsevier, vol. 7(2), pages 213-220.
    5. Prescott, Edward C. & Wessel, Ryan, 2016. "Fiat Value in the Theory of Value," Staff Report 530, Federal Reserve Bank of Minneapolis, revised 08 Jun 2017.
    6. Ansari, M. I., 2002. "Impact of financial development, money, and public spending on Malaysian national income: an econometric study," Journal of Asian Economics, Elsevier, vol. 13(1), pages 72-93.
    7. Jonathan Benchimol, 2011. "Money in the production function: a New Keynesian DSGE perspective," Working Papers hal-00800539, HAL.
    8. Romina Bafile & Alessandro Piergallini, 2017. "Firms’ money demand and monetary policy," Pacific Economic Review, Wiley Blackwell, vol. 22(3), pages 350-382, August.
    9. Giannis Karagiannis & Vangelis Tzouvelekas, 2004. "Real Money Balances and TFP Growth: Evidence from Developed and Developing Countries," Working Papers 0410, University of Crete, Department of Economics.
    10. Buckley, Robert & Dokeniya, Anupam & INU & PRE, 1989. "Inflation, monetary balances and the aggregate production function : the case of Colombia," Policy Research Working Paper Series 366, The World Bank.
    11. Chang, Wen-ya, 2002. "Examining the long-run effect of money on economic growth: an alternative view," Journal of Macroeconomics, Elsevier, vol. 24(1), pages 81-102, March.
    12. Edward C. Prescott & Ryan Wessel, 2016. "Monetary Policy with 100 Percent Reserve Banking: An Exploration," NBER Working Papers 22431, National Bureau of Economic Research, Inc.
    13. S. J. Kamath & K. C. Jensen & R. E. Bennett, 1991. "A Counter-Counter Critique: A Reply," Eastern Economic Journal, Eastern Economic Association, vol. 17(4), pages 535-541, Oct-Dec.
    14. repec:fip:fedmsr:562 is not listed on IDEAS
    15. Allen Sinai & Houston H. Stokes, 1991. "Real Money Balances in the Production Function: A Comment," Eastern Economic Journal, Eastern Economic Association, vol. 17(4), pages 533-535, Oct-Dec.
    16. Ahmed, S. M. & Ansari, M. I., 1998. "Financial sector development and economic growth: The South-Asian experience," Journal of Asian Economics, Elsevier, vol. 9(3), pages 503-517.
    17. Nourzad, Farrokh, 2002. "Real money balances and production efficiency: a panel-data stochastic production frontier study," Journal of Macroeconomics, Elsevier, vol. 24(1), pages 125-134, March.
    18. Gary Gorton & Ping He, 2016. "Optimal Monetary Policy in a Collateralized Economy," NBER Working Papers 22599, National Bureau of Economic Research, Inc.
    19. Cynthia Benzing, 1989. "An Update on Money in the Production Function," Eastern Economic Journal, Eastern Economic Association, vol. 15(3), pages 235-239, Jul-Sep.
    20. Shaw, Ming-Fu & Lai, Ching-Chong & Chang, Wen-Ya, 2005. "Anticipated policy and endogenous growth in a small open monetary economy," Journal of International Money and Finance, Elsevier, vol. 24(5), pages 719-743, September.
    21. Muhammad Nasir & Qasim Jan & Muhammad Javid, 2011. "Cointegrated money in production function: evidence from a developing country," Economics Bulletin, AccessEcon, vol. 31(4), pages 2996-3005.
    22. LeBlanc, Michael & Yanagida, John F. & Conway, Roger K., 1987. "The Derived Demand For Real Cash Balances In Agricultural Production," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 12(01), July.
    23. Prem Laumas & Khan Mohabbat, 1980. "Money and the production function: A case study of France," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 116(4), pages 685-696, December.
    24. Trueblood, Michael A., 1994. "An Annotated Bibliography Of Selected Productivity Literature," Staff Papers 13580, University of Minnesota, Department of Applied Economics.

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