Friedman meets Becker and Mulligan in a monetary neoclassical growth model

DOI10.1007/S00712-011-0224-XMaRDI QIDQ649180zbMATH OpenOpenAlexFDO

Authors Been-Lon Chen, Yu-Shan Hsu, Chia-Hui Lu

Publication date 30 November 2011

Published in Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00712-011-0224-x

zbMATH Keywords

endogenous time preferencesFriedman ruleinflation taxneoclassical growth model

Mathematics Subject Classification ID

Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Endogenous time preference and optimal growth
• Endogenous time preference, inflation, and capital accumulation
• The economics of cultural transmission and the dynamics of preferences

Cited in

(10)

• Measuring the welfare costs of inflation in a life-cycle model
• A monetarist model of inflation
• Heterogeneity and monetary policy
• On the optimality of the Friedman rule in a New Monetarist model
• Endogenous time preference, inflation, and capital accumulation
• Hyperbolic discounting and positive optimal inflation
• Can growth-enhanced monetary policy improve welfare when people seek social status?
• Random matching and money in the neoclassical growth model: some analytical results
• Schumpeter meeting Keynes: a policy-friendly model of endogenous growth and business cycles
• Product market competition, industry clusters, fiscal policy and economic growth

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