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Geld und Wachstum in der Neoklassik bis Tobin (1965)

Author

Listed:
  • Gregor A. Larbig

Abstract

Given the current debate on the worldwide decline of inflation (disinflation) this paper examns the influence of money on economic growth. The focus is on neoclassical growth modells (Solow-Swan based). In particular the role of money in the genuine article of Tobin (1965) is evaluated, where the single purpose of money is serving as a medium of exchange and as a store of value. Furthermore money serves as a mean to overcome deflationary deadlocks. The question whether money fosters economic growth can not be solved due to reduced monetary modelling within the Tobin model.

Suggested Citation

  • Gregor A. Larbig, 1998. "Geld und Wachstum in der Neoklassik bis Tobin (1965)," Working Paper Series B 1998-05, Friedrich Schiller University of Jena, School of of Economics and Business Administration.
    • Handle: RePEc:jen:jenavo:1998-05
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    More about this item

    Keywords

    money; growth; portfolio-effect; disinflation; neoclassic;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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