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1. General introduction to the monetary growth theory -- 2. The neo-classical monetary growth theory -- 2 ….1. Introduction -- 2.2. Tobin’s monetary growth theory (implications of the asset-structure) -- 2.3. The implications of real cash …-classical monetary growth model -- 3. The Keynes-Wicksell monetary growth theory -- 3.1. Introduction -- 3.2. Suppositions -- 3.3. The …
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This paper studies the relation between money supply and the long-run economic growth in the context of an endogenous growth model with overlapping generations. We present detailed analyses of growth and welfare effects of monetary expansion under alternative money supply rules. It is shown...
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