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

John Z Drabicki, Akira Takayama

Research output: Contribution to journalArticle

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 languageEnglish (US)
Pages (from-to)51-54
Number of pages4
JournalEconomics Letters
Volume1
Issue number1
DOIs
StatePublished - 1978

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Interest rates
Perfect foresight
Money supply
Money growth
Income
Government debt
Assets
Growth model

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

Cite this

Money, growth, and the stability of the steady state under myopic perfect foresight. / Drabicki, John Z; Takayama, Akira.

In: Economics Letters, Vol. 1, No. 1, 1978, p. 51-54.

Research output: Contribution to journalArticle

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