Money and Specialization in a Neoclassical Growth Model

This paper studies the links between money, specialization, and capital accumulation in a neoclassical growth framework. For tractability, the transactions role of money is introduced through a cash-in-advance constraint. In contrast to the standard cash-in-advance model, an individual's relian...

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Veröffentlicht in:	Journal of money, credit and banking credit and banking, 2005-10, Vol.37 (5), p.969-975
Hauptverfasser:	Ghossoub, Edgar A., Reed, Robert R.
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Austrian school of economics Capital accumulation Commercial production Consumer economics Economic costs Economic growth Economic growth models Economic modeling Economic models Forecasts and trends Growth models Inflation Inflation (Economics) Inflation (Finance) Inflation rates Market trend/market analysis Mathematical methods Mathematical optimization Money Neoclassical economics Optimization theory Specialization Steady state economies Studies United States Welfare economics
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