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- W138485718 abstract "� Abstract This study builds a monetary growth model with ination policy and education. The model is a synthesis of the Uzawa-Lucas two-sector growth model and traditional monetary model with the money-in-utility (MIU) approach. We show how money, physical capital and human capital interact over time under exogenous ination policy in a free market economy. The dynamics of the economy is described by three differential equations. We show that the monetary economic system has a saddle equilibrium point. We simulate motion of the economic system and carry out comparative statics analysis with regards to the monetary policy, propensi- ties to save wealth and to receive education." @default.
- W138485718 created "2016-06-24" @default.
- W138485718 creator A5056723779 @default.
- W138485718 date "2013-07-01" @default.
- W138485718 modified "2023-09-27" @default.
- W138485718 title "Education, Endogenous Human Capital, and Monetary Economic Growth with MIU Approach" @default.
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