scholarly journals A Tale of Two Motives: Endogenous Time Preference, Cash-in-Advance Constraints and Monetary Policy

2013 ◽  
Vol 04 (06) ◽  
pp. 427-430
Author(s):  
Eric Kam
Keyword(s):  
Monetary Policy ◽  
Time Preference ◽  
Endogenous Time Preference ◽  
Cash In Advance

scholarly journals A Tale of Two Motives: Endogenous Time Preference, Cash-in-Advance Constraints and Monetary Policy

2021 ◽  
Author(s):  
Eric Kam
Keyword(s):  
Monetary Policy ◽  
Time Preference ◽  
Capital Goods ◽  
Endogenous Time Preference ◽  
Consumption Goods ◽  
Constraint Effects ◽  
Cash In Advance

This paper demonstrates the effects of modeling an endogenous rate of time preference and two cash-in-advance constraints. If the constraint is levied on consumption and capital goods, time preference effects are neutral and cash-in-advance constraint effects invert the Tobin Effect. If the constraint applies solely to consumption goods, opposing motives are offsetting and monetary policy is super neutral.

scholarly journals A Tale of Two Motives: Endogenous Time Preference, Cash-in-Advance Constraints and Monetary Policy

2021 ◽  
Author(s):  
Eric Kam
Keyword(s):  
Monetary Policy ◽  
Time Preference ◽  
Capital Goods ◽  
Endogenous Time Preference ◽  
Consumption Goods ◽  
Constraint Effects ◽  
Cash In Advance

This paper demonstrates the effects of modeling an endogenous rate of time preference and two cash-in-advance constraints. If the constraint is levied on consumption and capital goods, time preference effects are neutral and cash-in-advance constraint effects invert the Tobin Effect. If the constraint applies solely to consumption goods, opposing motives are offsetting and monetary policy is super neutral.

Monetary policy and endogenous time preference

2006 ◽  
Vol 33 (1) ◽  
pp. 52-67 ◽  
Author(s):  
Eric Kam ◽  
Mohammed Mohsin
Keyword(s):  
Monetary Policy ◽  
Time Preference ◽  
Endogenous Time Preference
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