This paper analyzes how preference shifts affect wage inequality. We take the Cobb–
Douglas preference, the Dixit-Stiglitz preference and the quasi-linear preference into …

Purpose The purpose of this paper is to explore the manner in which the degree of
substitutability between public and private health expenditures contributes towards the …

This paper investigates whether a change in the growth rate of the money supply enhances
the rate of capital accumulation in a cash-in-advance monetary model with recursive utility …

This paper examines the implications of ex ante skill heterogeneity for long run inflation. We
develop a dynamic general equilibrium model in which there are two types of labor (skilled …

In this note, we consider a cash-in-advance (CIA) economy in which the CIA constraint
applies to not only consumption but also to all or part of investment and where the …

The study analysed the medical imaging technology business cycle from 1981 to 2009 and
found that the volatility of consumption in Chinese medical imaging business was higher …

This thesis uses alternative approaches to the modelling of technology and preferences to
examine several macroeconomic issues. The diverse explorations carried out in the thesis …

Empirical evidence shows that the exponential discount function employed in standard
macroeconomic models falls short on two counts: it implies time-consistent preferences and …

Empirical evidence shows that the exponential discount function employed in standard
macroeconomic models falls short on two counts: it implies time-consistent preferences and …

This paper studies the Friedman rule for the optimal quantity of money in money in the utility
(MIU) and cash–credit models while considering two specifications for the endogenous …