Money, inflation, and optimal economic growth

John Z Drabicki, Akira Takayama

Research output: Contribution to journalArticle

Abstract

Using a two-asset model of a growing competitive economy, it is shown that the optimal growth path can be achieved via a policy operating exclusively on the rate of growth of the money stock.

Original languageEnglish (US)
Pages (from-to)49-52
Number of pages4
JournalEconomics Letters
Volume1
Issue numberSUPPL. 1
DOIs
Publication statusPublished - 1978

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ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

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