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Specialization, Transactions Technologies, and Money Growth
Oleh:
Cole, Harold L.
;
Stockman, Alan C.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
INTERNATIONAL ECONOMIC REVIEW vol. 33 no. 2 (1992)
,
page 283-298.
Topik:
MONEY
;
specialization
;
transactions technologies
;
money growth
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
II49.2
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This paper develops a differentiated product model with endogenous specialization in which either money or a costly alternative transactions technology can be used for market purchases. We discuss the real effects of monetary growth in this model - which differ from those in standard cash - in - advance models - and the implied interest sensitivity of money demand in general equilibrium.
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