Mino, Kazuo; Itaya, Jun-ichi - In: Economics Bulletin 5 (2004) 6, pp. 1-8
This paper examines the role of interest-rate feedback rule in a monetary endogenous growth model in which money is introduced via a cash-in-advance constraint and long-run growth is sustained by external increasing returns. It is shown that dynamic properties as well as the balanced-growth...
