On recursive utility and the superneutrality of money
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econmod.2013.02.039
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Hayakawa, Hiroaki, 1995. "The complete complementarity of consumption and real balances and the strong superneutrality of money," Economics Letters, Elsevier, vol. 48(1), pages 91-97, April.
- Fischer, Stanley, 1979. "Capital Accumulation on the Transition Path in a Monetary Optimizing Model," Econometrica, Econometric Society, vol. 47(6), pages 1433-1439, November.
- Reis, Ricardo, 2007. "The analytics of monetary non-neutrality in the Sidrauski model," Economics Letters, Elsevier, vol. 94(1), pages 129-135, January.
- Gary S. Becker & Casey B. Mulligan, 1997.
"The Endogenous Determination of Time Preference,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(3), pages 729-758.
- Becker, G.S. & Mulligan, C.B., 1994. "On the Endogenous Determination of Time Preference," University of Chicago - Economics Research Center 94-2, Chicago - Economics Research Center.
- Becker, Gary S. & Mulligan, Casey B., 1994. "On the Endogenous Determination of Time Preference," Working Papers 98, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Cooley, Thomas F & Hansen, Gary D, 1989.
"The Inflation Tax in a Real Business Cycle Model,"
American Economic Review, American Economic Association, vol. 79(4), pages 733-748, September.
- Thomas F. Cooley & Gary D. Hansen, 1987. "The Inflation Tax in a Real Business Cycle Model," UCLA Economics Working Papers 496, UCLA Department of Economics.
- Cooley, T.F. & Hansen, G.D., 1988. "The Inflation Tax In A Real Business Cycle Model," RCER Working Papers 155, University of Rochester - Center for Economic Research (RCER).
- Cooley, T.F. & Hansen, G.D., 1988. "The Inflation Tax In A Real Business Cycle Model," Papers 88-05, Rochester, Business - General.
- Obstfeld, Maurice, 1990.
"Intertemporal dependence, impatience, and dynamics,"
Journal of Monetary Economics, Elsevier, vol. 26(1), pages 45-75, August.
- Maurice Obstfeld, 1989. "Intertemporal Dependence, Impatience, and Dynamics," NBER Working Papers 3028, National Bureau of Economic Research, Inc.
- Epstein, Larry G & Hynes, J Allan, 1983. "The Rate of Time Preference and Dynamic Economic Analysis," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 611-635, August.
- Das, Mausumi, 2003. "Optimal growth with decreasing marginal impatience," Journal of Economic Dynamics and Control, Elsevier, vol. 27(10), pages 1881-1898, August.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hirose, K. & Ikeda, Shinsuke, 2015. "Decreasing marginal impatience destabilizes multi-country economies," Economic Modelling, Elsevier, vol. 50(C), pages 237-244.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ingmar, SCHUMACHER, 2006.
"On optimality, endogeneous discounting and wealth accumulation,"
Discussion Papers (ECON - Département des Sciences Economiques)
2006058, Université catholique de Louvain, Département des Sciences Economiques.
- SCHUMACHER, Ingmar, 2006. "On optimality, endogenous discounting and wealth accumulation," LIDAM Discussion Papers CORE 2006103, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Schumacher, Ingmar, 2009.
"Endogenous discounting via wealth, twin-peaks and the role of technology,"
Economics Letters, Elsevier, vol. 103(2), pages 78-80, May.
- SCHUMACHER, Ingmar, 2006. "Endogenous discounting via wealth, twin-peaks and the role of technology," LIDAM Discussion Papers CORE 2006104, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Ingmar, SCHUMACHER, 2006. "Endogenous Discounting via Wealth, Twin-Peaks and the Role of Technology," Discussion Papers (ECON - Département des Sciences Economiques) 2006059, Université catholique de Louvain, Département des Sciences Economiques.
- Ingmar Schumacher, 2009. "Endogenous discounting via wealth, Twin-Peaks and the role of technology," Working Papers hal-00356233, HAL.
- Strulik, Holger, 2016.
"Limited self-control and long-run growth,"
Mathematical Social Sciences, Elsevier, vol. 83(C), pages 1-8.
- Strulik, Holger, 2013. "Limited self-control and long-run growth," University of Göttingen Working Papers in Economics 181, University of Goettingen, Department of Economics.
- Ken-Ichi Hirose & Shinsuke Ikeda, 2015.
"Decreasing Marginal Impatience and Capital Accumulation in a Two-Country World Economy,"
Metroeconomica, Wiley Blackwell, vol. 66(3), pages 474-507, July.
- Ken-Ichi Hirose & Shinsuke Ikeda, 2013. "Decreasing Marginal Impatience and Capital Accumulation in a Two-country World Economy," ISER Discussion Paper 0882, Institute of Social and Economic Research, Osaka University.
- Schumacher, Ingmar, 2011.
"Endogenous discounting and the domain of the felicity function,"
Economic Modelling, Elsevier, vol. 28(1-2), pages 574-581, January.
- Schumacher, Ingmar, 2011. "Endogenous discounting and the domain of the felicity function," Economic Modelling, Elsevier, vol. 28(1), pages 574-581.
- Been-Lon Chen & Mei Hsu & Chia-Hui Lu, 2008.
"Inflation and Growth: Impatience and a Qualitative Equivalence,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(6), pages 1309-1323, September.
- Been‐Lon Chen & Mei Hsu & Chia‐Hui Lu, 2008. "Inflation and Growth: Impatience and a Qualitative Equivalence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(6), pages 1309-1323, September.
- Been-Lon Chen & Mei Hsu & Chia-Hui Lu, 2007. "Inflation and Growth: Impatience and a Qualitative Equivalence," IEAS Working Paper : academic research 07-A007, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Strulik, Holger, 2015.
"Hyperbolic discounting and endogenous growth,"
Economics Letters, Elsevier, vol. 126(C), pages 131-134.
- Strulik, Holger, 2013. "Hyperbolical discounting and endogenous growth," University of Göttingen Working Papers in Economics 175, University of Goettingen, Department of Economics.
- Strulik, Holger, 2014. "Hyperbolical Discounting and Endogenous Growth," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100560, Verein für Socialpolitik / German Economic Association.
- Taiji HARASHIMA, 2016.
"A Theory Of Deflation: Can Expectations Be Influenced By A Central Bank?,"
Theoretical and Practical Research in the Economic Fields, ASERS Publishing, vol. 7(2), pages 98-145.
- Harashima, Taiji, 2016. "A Theory of Deflation: Can Expectations Be Influenced by a Central Bank?," MPRA Paper 71276, University Library of Munich, Germany.
- Hiroaki Hayakawa, 2020. "Consumer behavior in a monetary economy and smoothing of composite consumption," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(1), pages 89-122, March.
- Harashima, Taiji, 2009. "Depression as a Nash Equilibrium Consisting of Strategies of Choosing a Pareto Inefficient Transition Path," MPRA Paper 18953, University Library of Munich, Germany.
- ZHANG, Wei-Bin, 2013. "Habit Formation And Preference Change In A Twosector Growth Model With Elastic Labor Supply," Academica Science Journal, Economica Series, Dimitrie Cantemir University, Faculty of Economical Science, vol. 1(2), pages 3-20, May.
- Kawagishi, Taketo, 2014. "Investment for patience in an endogenous growth model," Economic Modelling, Elsevier, vol. 42(C), pages 508-515.
- Ken‐Ichi Hirose & Shinsuke Ikeda, 2008. "On Decreasing Marginal Impatience," The Japanese Economic Review, Japanese Economic Association, vol. 59(3), pages 259-274, September.
- Harashima, Taiji, 2011. "A Mechanism of Cyclical Volatility in the Vacancy-Unemployment Ratio: What Is the Source of Rigidity?," MPRA Paper 32476, University Library of Munich, Germany.
- Harashima, Taiji, 2015. "Bubbles, Bluffs, and Greed," MPRA Paper 64361, University Library of Munich, Germany.
- Wei-Bin Zhang, 2013. "Dynamic Interactions among Growth, Environmental Change, Habit Formation, and Preference Change," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 3(1), pages 3-25, December.
- Strulik, Holger, 2012.
"Patience and prosperity,"
Journal of Economic Theory, Elsevier, vol. 147(1), pages 336-352.
- Strulik, Holger, 2009. "Patience and Prosperity," Hannover Economic Papers (HEP) dp-426, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Harashima, Taiji, 2014. "Time Preference Shocks," MPRA Paper 60205, University Library of Munich, Germany.
- Harashima, Taiji, 2016. "The Cause of the Great Recession: What Caused the Downward Shift of the GDP Trend in the United States?," MPRA Paper 69215, University Library of Munich, Germany.
- Harashima, Taiji, 2017. "Should a Government Fiscally Intervene in a Recession and, If So, How?," MPRA Paper 78053, University Library of Munich, Germany.
More about this item
Keywords
Endogenous time preference; Superneutrality; Transition path; Cash-in-advance; Complementarity;All these keywords.
JEL classification:
- O42 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecmode:v:32:y:2013:i:c:p:483-487. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30411 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.