This paper presents a dynamic general equilibrium model that incorporates profit-maximizing banks and inside money into a decentralized Ramsey economy. It offers an alternative to the monetary equilibrium model of Sidrauski with money in the utility function and that of Stockman with a...

本稿は、Bovenberg and Mooij(1994)、Fullerton(1997) 等が提起した、外部不経済を生じる財への課税が二重配当効果をもたらすかという問題について、二重配当についての角野・山田(2008)...

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When agents in the labour market are fully known, labour matching process is expected to match all agents in the smaller group as the size of the labour market becomes large. Moreover, its convergence occurs fairly quickly. Its implication is that there will be no prolonged unemployment,...

This paper presents a critical investigation of long-run properties of endogenous　growth models. A growth model is said to have desirable long-run properties when there is a unique steady state with sustained growth and when expressions of the steady　state growth rates are robust for changes...