Money, growth, and the stability of the steady state under myopic perfect foresight

John Z. Drabicki; Akira Takayama

doi:10.1016/0165-1765(78)90095-2

Money, growth, and the stability of the steady state under myopic perfect foresight

John Z. Drabicki, Akira Takayama

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

The stability of a monetary growth model is demonstrated. It differs from the standard two- asset model in the presence of interest bearing government debt, the endogenous determination of the money supply and an investment function that is sensitive to interest rates and disposable income.

Original language	English (US)
Pages (from-to)	51-54
Number of pages	4
Journal	Economics Letters
Volume	1
Issue number	1
DOIs	https://doi.org/10.1016/0165-1765(78)90095-2
State	Published - 1978

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0165-1765(78)90095-2

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abstract = "The stability of a monetary growth model is demonstrated. It differs from the standard two- asset model in the presence of interest bearing government debt, the endogenous determination of the money supply and an investment function that is sensitive to interest rates and disposable income.",

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Money, growth, and the stability of the steady state under myopic perfect foresight

Abstract

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