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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/12497

    Title: Inflation and Pattern of Trade in a Dynamic Specific-Factors Model with Money
    Authors: Shi-Feng Chuang;Teh-Ming Huo;林柏生
    Keywords: Cash in Advance;Dynamic Specific-Factors Model;Inflation;Pattern of Trade.
    Date: 2005-06
    Issue Date: 2008-12-03 13:54:20 (UTC+8)
    Abstract: This paper presents a dynamic specific-factors model with money introduced through a cash-in-advance constraint. Two types of consumption goods are produced, and three types of factors—labor, capital, and land—are used. The cash-in-advance constraint is imposed on different sets of goods. When the constraint is imposed exclusive of the investment, inflation affects the pattern (and volume) of trade through a commodity-substitution effect. When the constraint is imposed inclusive of the investment, inflation may affect the pattern of trade through both the commodity-substitution effect and the factor-supply effect. In each case, we examine and prove the dynamic stability property of the steady-state equilibrium.
    Relation: Macroeconomic Dynamics, 9(3), 358-371
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1017.S1365100505040198
    DOI: 10.1017.S1365100505040198
    Appears in Collections:[國際經營與貿易學系 ] 期刊論文

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