CHEN, BEEN-LON; HSU, MEI; LU, CHIA-HUI - In: Journal of Money, Credit and Banking 40 (2008) 6, pp. 1309-1323
This paper studies the role of an endogenous time preference on the relationship between inflation and growth in the long run in both the money-in-utility-function (MIUF) and transactions-costs (TC) models. We establish a qualitative equivalence between the two models in a setup without a...