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Endogenous asymmetric money illusion
(Elsevier, 2019)
We show that when investors suffer from endogenous asymmetric money illusion, the usual proportionality between money supply and nominal prices commonly present in frictionless economies is eliminated. This drives changes ...
Money supply and capital accumulation on the transition path revisited
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2010-02-22)
Fischer (1979) and Asako (1983) analyze the sign of the correlation between the growth rate of money and the rate of capital accumulation on the transition path. Both plug a CRRA utility (based on a Cobb-Douglas and a ...
Implications of Endogenous Money Growth for Some Tests of Superneutrality and the Fisher Effect
(Pontificia Universidad Católica del Perú, 2022)
Implications of Endogenous Money Growth for Some Tests of Superneutrality and the Fisher Effect
(Pontificia Universidad Católica del PerúPE, 2022)
A note on growth, welfare and public policy
(Escola de Pós-Graduação em Economia, 1997-01)
In this note the growth anti welfare effects of fiscal anti monetary policies are investigated in three economies where public investment is part of the productive process It is shown that growth is maximized at positive ...
A note on policy, the composition of public expenditures and economic growth
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 1994-05)
In this article we study the growth and welfare effects of fiscal and monetary policies in economies where public investment is part of the productive process we present four different models that share the same technology ...
Probando la neutralidad del dinero en Colombia bajo un modelo VECM
(Universidad Nacional de ColombiaBogotá - Ciencias Económicas - Maestría en Ciencias EconómicasFacultad de Ciencias EconómicasBogotá, ColombiaUniversidad Nacional de Colombia - Sede Bogotá, 2022-11-17)
El siguiente trabajo consta de 3 momentos importantes. En primer lugar, se hace una
revisión de literatura sobre el tema de la neutralidad del dinero tanto en lo teórico como en
la evaluación empírica a nivel internacional, ...