Article ID Journal Published Year Pages File Type
965895 Journal of Macroeconomics 2013 14 Pages PDF
Abstract
► Money is not neutral, depending on the wealth-narrowing and preference effects. ► The money growth rate can generate the transitional dynamics of fertility and growth. ► In the presence of endogenous fertility Friedman's rule is not longer optimal.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Growth and welfare effects of monetary policy with endogenous fertility
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