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Further Theoretical and Empirical Evidence on Money to Growth Relation

Author

Listed:
  • Alexandru Minea

    (LEO - Laboratoire d'économie d'Orleans [2008-2011] - UO - Université d'Orléans - CNRS - Centre National de la Recherche Scientifique)

  • Christophe Rault

    (LEO - Laboratoire d'économie d'Orleans [2008-2011] - UO - Université d'Orléans - CNRS - Centre National de la Recherche Scientifique)

  • Patrick Villieu

    (LEO - Laboratoire d'économie d'Orleans [2008-2011] - UO - Université d'Orléans - CNRS - Centre National de la Recherche Scientifique)

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Alexandru Minea & Christophe Rault & Patrick Villieu, 2008. "Further Theoretical and Empirical Evidence on Money to Growth Relation," Post-Print halshs-00327660, HAL.
    • Handle: RePEc:hal:journl:halshs-00327660
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Further; Theoretical; Empirical; Evidence; Money; Growth; Relation;
    All these keywords.

    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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