| 题名: | Inflation and pattern of trade in a dynamic specific-factors model with money |
| 作者: | 莊希豐;Chuang, Shi-feng;Huo, Teh-ming;Lin, Po-sheng |
| 贡献者: | 淡江大學經濟學系 |
| 关键词: | Cash in Advance;Dynamic Specific-Factors Model;Inflation;Pattern of Trade |
| 日期: | 2005-06-01 |
| 上传时间: | 2009-09-23 17:14:43 (UTC+8) |
| 出版者: | Cambridge University Press |
| 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. |
| 關聯: | Macroeconomic dynamics 9(3), pp.358-371 |
| DOI: | 10.1017/S1365100505040198 |
| 显示于类别: | [經濟學系暨研究所] 期刊論文
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