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Further theoretical and empirical evidence on money to growth relation

Author

Listed:
  • Christophe Rault

    (LEO, University of Orléans and EDHEC Business School)

  • Alexandru Minea

    (LEO, University of Orléans)

  • Patrick Villieu

    (LEO, University of Orléans)

Abstract

This paper proposes a theoretical growth model where seigniorage can be used to finance productive public spending, and show the existence of nonlinear effects between seigniorage and economic growth. Empirical evidence based on panel regression techniques provides some support for these nonlinear effects on a sample of OECD countries over the 1978-2005 period.

Suggested Citation

  • Christophe Rault & Alexandru Minea & Patrick Villieu, 2008. "Further theoretical and empirical evidence on money to growth relation," Economics Bulletin, AccessEcon, vol. 28(13), pages 1.
  • Handle: RePEc:ebl:ecbull:eb-08aa0020
    as

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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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