Dynamic Behavior of Capital Accumulation in a Cash-in-Advance Model
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This paper analyzes the dynamic behavior of capital accumulationin Stockman's (1981) cash-in-advance model. If the cash-in-advance constraint applies only to consuittion, then money is superneutral along the transition path as well as in the long run. Alternatively, if the cash-in-advance constraint
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美国国家经济研究局创建时间：
1985-01-01
