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Alternative Approaches To Money And Growth

Author

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  • YIP, C.K.
  • WANG, P.

Abstract

This paper reexamines the issue of money and growth in an economy with both endogenous labor supply and endogenous capital stock using three recently developed approaches: the money-in-the-utility-function approach, the cash-in-advance approach, and the transactions-costs approach. By establishing a qualitative equivalence between alternative setups, the authors find economically justifiable conditions such that all comparative statics results derived.from the aforementioned approaches are identical. Copyright 1992 by Ohio State University Press.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Yip, C.K. & Wang, P., 1989. "Alternative Approaches To Money And Growth," Papers 8-89-4, Pennsylvania State - Department of Economics.
  • Handle: RePEc:fth:pensta:8-89-4
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