Heer, Burkhard (contributor); Süssmuth, Bernd (contributor) - 2006
the cash-in-advance constraint
also applies to investment, a higher money growth rate reduces the savings rate. Den Haan … utility.
1
of economic growth. However, the long-term correlation of savings and in ation has not
received any attention …, L.E., and R.E. Manuelli, 1995, Growth and the efiects of in ation, Journal of
Economic Dynamics and Control, vol. 19 …