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- W2340856536 abstract "The descriptive monetary growth model of Tobin (1955, 1965), like Solow’s model for real economies, is a point of departure for intertemporal monetary models. It is based on the assumption that a money economy has a real sector exactly like that in Solow’s model, so that the monetary nature of the model depends on how money is introduced into the model. The characteristics of a monetary economy are: 1.prices are expressed in money;2.transactions require money;3.financial wealth can be held in the form of money or financial instruments competing with money." @default.
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- W2340856536 date "2000-01-01" @default.
- W2340856536 modified "2023-09-26" @default.
- W2340856536 title "Intertemporal Monetary Models with Infinite Horizon" @default.
- W2340856536 doi "https://doi.org/10.1057/9780333977422_4" @default.
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