This paper makes a new attempt to investigate the role of anticipated monetary growth in economic growth. Combining the Barro (1990)-Rebelo (1991)-type endogenous growth model with Sidrauski's (1967) framework, we show that the pre-announcement of money supply behaviour may have significant...

This paper sets up a monetary endogenous growth model, and uses it to explain the ambiguous linkage between the military burden and the inflation rate observed in existing empirical studies. It is found that an expansion in the military burden has an ambiguous effect on the inflation rate...

In this study, we develop a search-and-matching monetary growth model to analyze the effects of inflation on economic growth and social welfare by introducing endogenous economic growth via capital externality into a two-sector search-and-matching model. We find that the channel through which...