Simonsen and the early history of the cash-in-advance approach.

The paper brings to light an early contribution to the cash-in-advance literature made by the Brazilian economist Mario Henrique Simonsen (1935–97) in an article written in Portuguese as far back as 1964. Simonsen explicitly introduced the cash-in-advance constraint as an inequality in a non-linear...

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Publicado en:European Journal of the History of Economic Thought Vol. 9; no. 1; pp. 57 - 72
Autor principal: Boianovsky, Mauro
Formato: Artículo
Publicado: Taylor & Francis Ltd Spring2002
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Simonsen and the early history of the cash-in-advance approach.
      aug:
        au: Boianovsky, Mauro
      su:
        Money
        Nonlinear programming
        Payment
      sug:
        subj:
          Money
          Nonlinear programming
          Payment
      keyword:
        Cash-in-advance
        CLASSICAL DICHOTOMY
        Non-linear programming
        QUANTITY THEORY OF MONEY
        SIMONSEN
      ab: The paper brings to light an early contribution to the cash-in-advance literature made by the Brazilian economist Mario Henrique Simonsen (1935–97) in an article written in Portuguese as far back as 1964. Simonsen explicitly introduced the cash-in-advance constraint as an inequality in a non-linear programming problem and provided a diagrammatic illustration of the interior and boundary solutions. He also applied the concept to the discussion of the quantity theory of money and showed that the classical dichotomy is valid for the stationary equilibrium of prices over time.
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    language: English
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