Growth and the Neutrality of Money
AbstractUsing two simple stochastic growth models that nest both exogenous and endogenous growth, this paper shows that money should not be neutral in the long run if it is not neutral in the short run and if growth is endogenous. By contrast, if growth is exogenous, money should be neutral in the long run. The paper also tests whether money is neutral in the long run, finding no contrary evidence.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number 0398.
Length: 21 pages
Date of creation: 1996
Date of revision:
ECONOMIC GROWTH ; MONETARY POLICY ; STATISTICS;
Other versions of this item:
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Westerlund, Joakim & Costantini, Mauro, 2006.
"Panel Cointegration and the Neutrality of Money,"
2006:18, Lund University, Department of Economics.
- Marios Zachariadis, 2003.
"R&D, innovation, and technological progress: a test of the Schumpeterian framework without scale effects,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 36(3), pages 566-586, August.
- Marios Zachariadis, . "R&D, Innovation, and Technological Progress: A Test of the Schumpeterian Framework Without Scale Effects," Departmental Working Papers 2002-18, Department of Economics, Louisiana State University.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fumiko Matsumoto).
If references are entirely missing, you can add them using this form.