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- Cash-in-advance_constraint abstract "The cash-in-advance constraint, also known as the Clower constraint after American economist Robert W. Clower, is an idea used in economic theory to capture monetary phenomena. In the most basic economic models (such as the Walras model or the Arrow–Debreu model) there is no role for money, as these models are not sufficiently detailed to consider how people pay for goods, other than to say everyone has a budget constraint. To be able to say anything about the money supply, inflation monetary policy and so on, economists must therefore introduce additional assumptions into their models. One possibility, and the more popular one, is to introduce a cash-in-advance constraint i.e. a requirement that each consumer or firm must have sufficient cash available before they can buy goods. An alternative assumption would be a 'Money-in-the-Utility-Function' assumption, which states that people have a tendency to hold a certain amount of cash because they derive utility from holding it. Without these (or similar) assumptions economic theory would find it difficult to explain why people carry around a good (money) which takes up space in their wallet, can't be consumed and does not earn any interest.".
- Cash-in-advance_constraint wikiPageID "8031972".
- Cash-in-advance_constraint wikiPageLength "4076".
- Cash-in-advance_constraint wikiPageOutDegree "13".
- Cash-in-advance_constraint wikiPageRevisionID "667093184".
- Cash-in-advance_constraint wikiPageWikiLink Arrow–Debreu_model.
- Cash-in-advance_constraint wikiPageWikiLink Category:Monetary_economics.
- Cash-in-advance_constraint wikiPageWikiLink Credit_(finance).
- Cash-in-advance_constraint wikiPageWikiLink Economic_model.
- Cash-in-advance_constraint wikiPageWikiLink Economics.
- Cash-in-advance_constraint wikiPageWikiLink FOB_(shipping).
- Cash-in-advance_constraint wikiPageWikiLink Finance.
- Cash-in-advance_constraint wikiPageWikiLink Financing.
- Cash-in-advance_constraint wikiPageWikiLink Free_On_Board.
- Cash-in-advance_constraint wikiPageWikiLink Inflation.
- Cash-in-advance_constraint wikiPageWikiLink Léon_Walras.
- Cash-in-advance_constraint wikiPageWikiLink Monetary_policy.
- Cash-in-advance_constraint wikiPageWikiLink Money_supply.
- Cash-in-advance_constraint wikiPageWikiLink Robert_W._Clower.
- Cash-in-advance_constraint wikiPageWikiLink Wealth.
- Cash-in-advance_constraint wikiPageWikiLinkText "Cash-in-advance constraint".
- Cash-in-advance_constraint wikiPageWikiLinkText "cash-in-advance constraint".
- Cash-in-advance_constraint wikiPageWikiLinkText "cash-in-advance version".
- Cash-in-advance_constraint wikiPageWikiLinkText "cash-in-advance".
- Cash-in-advance_constraint hasPhotoCollection Cash-in-advance_constraint.
- Cash-in-advance_constraint wikiPageUsesTemplate Template:Reflist.
- Cash-in-advance_constraint subject Category:Monetary_economics.
- Cash-in-advance_constraint hypernym Idea.
- Cash-in-advance_constraint type Organisation.
- Cash-in-advance_constraint comment "The cash-in-advance constraint, also known as the Clower constraint after American economist Robert W. Clower, is an idea used in economic theory to capture monetary phenomena. In the most basic economic models (such as the Walras model or the Arrow–Debreu model) there is no role for money, as these models are not sufficiently detailed to consider how people pay for goods, other than to say everyone has a budget constraint.".
- Cash-in-advance_constraint label "Cash-in-advance constraint".
- Cash-in-advance_constraint sameAs m.026p5j0.
- Cash-in-advance_constraint sameAs Q5048625.
- Cash-in-advance_constraint sameAs Q5048625.
- Cash-in-advance_constraint wasDerivedFrom Cash-in-advance_constraint?oldid=667093184.
- Cash-in-advance_constraint isPrimaryTopicOf Cash-in-advance_constraint.