Library

feed icon rss

Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
Filter
  • 1965-1969  (4)
Material
Years
Year
  • 1
    ISSN: 1572-9982
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Summary With some exceptions — e.g., Tobin and Johnson — theorists have been looking for an explanation of economic growth in the real sector. This is the first of three successive papers on the problem of to what extent monetary phenomena influence the real variables in a process of economic growth. If one aims at adding a monetary sector to a real model of economic growth, the first thing to do is getting an exposition of the monetary theory which is most suitable for this purpose. The monetary theory used in this paper is based on Patinkin and Gurley and Shaw. The conditions under which money does not affect the real economic process are amply discussed. Only in very special cases money turns out to be neutral. In the two subsequent papers this monetary theory is used for an investigation into the impact of money on growth according to a neo-classical and a neo-keynesian model of economic growth.
    Type of Medium: Electronic Resource
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 2
    ISSN: 1572-9982
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Type of Medium: Electronic Resource
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 3
    ISSN: 1572-9982
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Summary This is the third of three successive papers on the problem of to what extent monetary phenomena influence the real variables in a process of economic growth. In the first paper the conditions under which money is neutral was examined. The second was devoted to the impact of money in a neo-classical growth model. In the present paper the real neo-keynesian growth model of Harrod is taken as a starting-point. This is a special case of the neo-classical model, for the introduction of a constant rate of interest in a neoclassical production structure yields a constant capital-labor ratio as a result. According to the Harrod model, capital scarcity or capital abundance will generally prevail. Stable growth is a mere accident. Subsequently, the assumption of a constant rate of interest is relaxed. The rate is now assumed to be dependent on the national product and the money supply. This makes the model more flexible. Control of the growth rate of the money supply is then an instrument in the hands of the monetary authorities for the purpose of preventing situations of capital scarcity or abundance. In the case of capital scarcity, the growth rate of the money supply has to be raised. Paradoxically enough, the result of this will be that the rate of interest rises. In a situation of capital abundance the opposite is true. A steady and stable growth path is possible, because the monetary authorities are in a position to let the rate of interest take a value at which full employment prevails.
    Type of Medium: Electronic Resource
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 4
    Electronic Resource
    Electronic Resource
    Springer
    De economist 117 (1969), S. 695-698 
    ISSN: 1572-9982
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Type of Medium: Electronic Resource
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
Close ⊗
This website uses cookies and the analysis tool Matomo. More information can be found here...