With inflation aversion, an increase in the monetary growth rate decreases the steady-state value of capital stock, consumption, and real balance holding.
|Date of creation:||2011|
|Date of revision:|
|Publication status:||Published in Annals of Economics and Finance, May 2011, pages 1-11|
|Contact details of provider:|| Web page: http://cema.cufe.edu.cn/|
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- Liutang Gong & Heng-fu Zou, 2001. "Money, social status, and capital accumulation in a cash-in-advance model," CEMA Working Papers 55, China Economics and Management Academy, Central University of Finance and Economics.
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