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Does Monetary Policy Matter for Long-Run Growth?

In: Macroeconomic Policies For Stable Growth

Author

Listed:
  • Delano S. Villanueva

    (Bangko sentral ng pilipinas, Philippines)

Abstract

The following sections are included:IntroductionThe Modified ModelThe Effects of DisinflationOptimal Monetary Policy and Optimal Long-Run GrowthThe Speed of Adjustment to Long-Run EquilibriumSummary and ConclusionsAppendix 7.A: The Reduced Model and Stability AnalysisRegressionsConsumption functionInvestment functionGovernment spendingNet export demandCorporate bond interest rateReferences

Suggested Citation

  • Delano S. Villanueva, 2008. "Does Monetary Policy Matter for Long-Run Growth?," World Scientific Book Chapters, in: Macroeconomic Policies For Stable Growth, chapter 7, pages 211-236, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812818317_0007
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    Keywords

    Macroeconomic Policies; Economic Growth; Macroeconomic Stabilization; External Debt Management; Financial Liberalization/Integration;
    All these keywords.

    JEL classification:

    • E - Macroeconomics and Monetary Economics
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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