Capital markets and the stability of the growth process
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The article was published on 1970-01-01 and is currently open access. It has received 3 citations till now. The article focuses on the topics: Capital market & Capital intensity.read more
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Money and Capacity Growth
TL;DR: In this paper, an integration of monetary and growth theory is attempted and the effects of money upon the real variables in a growing economy are explored, and the full-employment growth model is presented.
Journal ArticleDOI
Optimal fiscal and monetary policy, and economic growth,
TL;DR: In this article, the authors present an attempt to capture a central policy problem of a modern mixed economy in which the government can influence investment and saving, but only indirectly, by manipulating certain basic variables like the deficit and the money supply.
Journal ArticleDOI
A Monetary Growth Model With Variable Employment
TL;DR: In this paper, the authors present a monetary growth model in which employment is determined endogenously, and no "un-Keynesian" 1 assumptions about the price administration by either business firms or labor unions are made.
References
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Notes on optimal monetary growth
TL;DR: The question of the optimal size and rate of growth of the money supply has at least as many meanings as there are definitions of "money" as discussed by the authors, and three possible interpretations of the question are: (1) What are the optimal sizes and the optimal growth rates of the central government's deadweight debt to its citizens? (2) What is the optimal number and size of the supplies of currency and other means of payment, and (3) What degree of financial intermediation in an economy, and what is its optimal rate of expansion?
Journal ArticleDOI
Optimal fiscal and monetary policy, and economic growth,
TL;DR: In this article, the authors present an attempt to capture a central policy problem of a modern mixed economy in which the government can influence investment and saving, but only indirectly, by manipulating certain basic variables like the deficit and the money supply.
Journal ArticleDOI
A Monetary Growth Model With Variable Employment
TL;DR: In this paper, the authors present a monetary growth model in which employment is determined endogenously, and no "un-Keynesian" 1 assumptions about the price administration by either business firms or labor unions are made.