Inflation and pattern of trade in a dynamic specific-factors model with money
學年 93
學期 2
出版(發表)日期 2005-06-01
作品名稱 Inflation and pattern of trade in a dynamic specific-factors model with money
作品名稱(其他語言)
著者 莊希豐; Chuang, Shi-feng; Huo, Teh-ming; Lin, Po-sheng
單位 淡江大學經濟學系
出版者 Cambridge University Press
著錄名稱、卷期、頁數 Macroeconomic dynamics 9(3), pp.358-371
摘要 This paper presents a dynamic specific-factors model with money introduced through a cash-in-advance constraint. Two types of consumption goods are produced, and three types of factors—labor, capital, and land—are used. The cash-in-advance constraint is imposed on different sets of goods. When the constraint is imposed exclusive of the investment, inflation affects the pattern (and volume) of trade through a commodity-substitution effect. When the constraint is imposed inclusive of the investment, inflation may affect the pattern of trade through both the commodity-substitution effect and the factor-supply effect. In each case, we examine and prove the dynamic stability property of the steady-state equilibrium.
關鍵字 Cash in Advance; Dynamic Specific-Factors Model; Inflation; Pattern of Trade
語言 en
ISSN 1365-1005
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度
國別 GBR
公開徵稿
出版型式 紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/18993 )

機構典藏連結