E. Kam, “A Note on time Preference and the Tobin Effect,” Economics Letters, Vol. 89, No. 1, 2005, pp. 127-132. doi:10.1016/j.econlet.2005.05.021
has been cited by the following article:
TITLE: A Tale of Two Motives: Endogenous Time Preference, Cash-in-Advance Constraints and Monetary Policy
AUTHORS: Eric Kam
KEYWORDS: Time Preference; Cash-in-Advance; Tobin Effect
JOURNAL NAME: Modern Economy, Vol.4 No.6, June 17, 2013
ABSTRACT: 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.