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- W4322723998 abstract "This study explores the effects of monetary transaction costs on economic growth in a closed overlapping generations economy with cash-in-advance constraints. Working generations can also hold interest-bearing capital claims. Economic growth is powered by an engine of learning-by-doing and knowledge spillover among workers. The results indicate that reductions in transaction costs raise the balanced growth rate and possibly reduce long-term inflation and nominal interest rates." @default.
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- W4322723998 date "2023-06-01" @default.
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- W4322723998 title "Effects of monetary transactions costs on economic growth" @default.
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- W4322723998 doi "https://doi.org/10.1016/j.rie.2023.02.003" @default.
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