Chu, Angus C.; Cozzi, Guido; Furukawa, Yuichi - School of Economics and Political Science, Universität … - 2013
This study analyzes the cross-country effects of monetary policy on innovation and international technology transfer. We consider a scale-invariant North-South quality-ladder model that features innovative R&D in the North and adaptive R&D in the South. To model money demand, we impose...