Title of article
The complete complementarity of consumption and real balances and the strong superneutrality of money
Author/Authors
Hiroaki Hayakawa، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1995
Pages
7
From page
91
To page
97
Abstract
In the representative agent model with money in the utility function, if consumption and real balances are perfect complements, steady-state capital intensity and real balance holdings are both invariant to monetary growth, regardless of the nature of time preferences.
Keywords
Complete complementarity in utility , Strong superneutrality of money , Variable time preferences
Journal title
Economics Letters
Serial Year
1995
Journal title
Economics Letters
Record number
433903
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