Cash-in-advance or delayed deposits implications for inflation and growth

Joseph Zeira

doi:10.1016/0165-1765(91)90182-K

Cash-in-advance or delayed deposits implications for inflation and growth

Joseph Zeira^*

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

The paper presents a monetary growth model in which the assets market precedes the goods market in each period instead of following it as in standard cash-in-advance models. As a result of this change in timing, money is held by sellers and not only by buyers, and it is shown that as a result inflation reduces the rate of capital accumulation.

Original language	English
Pages (from-to)	159-163
Number of pages	5
Journal	Economics Letters
Volume	36
Issue number	2
DOIs	https://doi.org/10.1016/0165-1765(91)90182-K
State	Published - Jun 1991

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10.1016/0165-1765(91)90182-K

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Cash-in-advance or delayed deposits implications for inflation and growth

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