Monetary Policy in a Cash-in-Advance Economy: Employment, Capital Accumulation, and the Term Structure of Interest Rates Export

@article{citeulike:5655992, abstract = {In this paper we study the effects of monetary policies on employment, capital accumulation, consumption, and the term structure of interest rates in a cash-in-advance economy, where money is required for consumption expenditures. Monetary policy involves targeting the inflation rate. The detailed dynamics of the model are fully worked out. As no numerical analysis is involved, we are able to identify very clearly the different channels through which monetary policy will impinge on the important macroeconomic variables. The model is also used to discuss the 'Great Canadian Slump.'}, author = {Mansoorian, Arman and Mohsin, Mohammed}, citeulike-article-id = {5655992}, citeulike-linkout-0 = {http://dx.doi.org/10.2307/3696150}, citeulike-linkout-1 = {http://www.jstor.org/stable/3696150}, doi = {10.2307/3696150}, issn = {00084085}, journal = {The Canadian Journal of Economics / Revue canadienne d'Economique}, keywords = {cia, monetary, money}, number = {2}, pages = {336--352}, posted-at = {2009-08-27 06:48:20}, priority = {2}, publisher = {Blackwell Publishing on behalf of the Canadian Economics Association}, title = {Monetary Policy in a Cash-in-Advance Economy: Employment, Capital Accumulation, and the Term Structure of Interest Rates}, url = {http://dx.doi.org/10.2307/3696150}, volume = {37}, year = {2004} }

TY - JOUR ID - citeulike:5655992 L3 - citeulike-article-id:5655992 N2 - In this paper we study the effects of monetary policies on employment, capital accumulation, consumption, and the term structure of interest rates in a cash-in-advance economy, where money is required for consumption expenditures. Monetary policy involves targeting the inflation rate. The detailed dynamics of the model are fully worked out. As no numerical analysis is involved, we are able to identify very clearly the different channels through which monetary policy will impinge on the important macroeconomic variables. The model is also used to discuss the 'Great Canadian Slump.' IS - 2 JF - The Canadian Journal of Economics / Revue canadienne d'Economique SN - 00084085 EP - 352 TI - Monetary Policy in a Cash-in-Advance Economy: Employment, Capital Accumulation, and the Term Structure of Interest Rates PB - Blackwell Publishing on behalf of the Canadian Economics Association VL - 37 SP - 336 KW - cia KW - monetary KW - money AU - Mansoorian, Arman AU - Mohsin, Mohammed PY - 2004/// UR - http://dx.doi.org/10.2307/3696150 ER -