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Please use this identifier to cite or link to this item: http://hdl.handle.net/2192/110

 
Title: Money, Endogenous Fertility and Economic Growth
Authors: Petrucci, Alberto
Keywords: Money superneutrality; Inflation; Fertility; Capital accumulation
Issue Date: 14-Apr-2003
Abstract: This paper analyzes the issue of money superneutrality through an intertemporal optimizing model of capital accumulation with endogenous fertility, i.e. endogenous population growth. Two elements of this setup invalidate money superneutrality: i) a demand for fertility that depends on real money balances, and ii) an inverse relation between capital-labor ratio and population growth. Higher monetary growth increases fertility, since it reduces its opportunity cost, and hence diminishes capi
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URI: http://hdl.handle.net/2192/110
Appears in Collections:4 - REPEC
Econpapers

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