Money Demand in General Equilibrium Endogenous Growth: Estimating the Role of a Variable Interest Elasticity

Research, Preprint OPEN
Gillman, Max; Otto, Glen;
(2006)
  • Publisher: Cardiff University, Cardiff Business School Cardiff
  • Subject: E41 | C23 | O42
    • jel: jel:C23 | jel:E41 | jel:O42
      ddc: ddc:330

The paper presents and tests a theory of the demand for money that is derived from a general equilibrium, endogenous growth economy, which in effect combines a special case of the shopping time exchange economy with the cash-in-advance framework. The model predicts that... View more
  • References (30)
    30 references, page 1 of 3

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