Wen, J.F.; Love, D.R.F. - School of Business and Economics, Wilfrid Laurier University - 1996
Hypothetical revenue-neutral tax reforms are conducted in a calibrated endogenous growth model in which money serves to economize on the time-costs of transacting. The model includes the cash-in-advance (CIA) and non-monetary frameworks as special cases of the parameterization. The results of...