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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.