Can growth-enhanced monetary policy improve welfare when people seek social status?

DOI10.1007/S00712-013-0350-8zbMath1294.91147OpenAlexW2011464527MaRDI QIDQ403785

Wen-Ya Chang, Hsiu-Yun Lee, Yu-Lin Wang

Publication date: 29 August 2014

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

Full work available at URL: https://doi.org/10.1007/s00712-013-0350-8

zbMATH Keywords

monetary policyFriedman rulecash-in-advance constraintproduction externalitieswealth-enhanced social status

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62) Welfare economics (91B15)

Cites Work

• The spirit of capitalism, social status, money, and accumulation.
• Relative wealth, consumption taxation, and economic growth
• Inflation and Welfare

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