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- W3143143855 abstract "This paper explores the effect of monetary policy on the speed of convergence. Using a neoclassical monetary growth model with a cash-in-advance constraint, we conduct numerical evaluation of the effect of changes in the growth rate of money supply on the converging speed of the economy. We find that, in contrast to fiscal actions, a change in monetary policy may produce little impact on the converging speed. This result indicates that the growth effect of inflation established in the theoretical models of money and growth would be extremely small, if we evaluated it quantitatively." @default.
- W3143143855 created "2021-04-13" @default.
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- W3143143855 date "2000-01-01" @default.
- W3143143855 modified "2023-09-26" @default.
- W3143143855 title "Monetary Expansion and Converging Speed in a Growing Economy" @default.
- W3143143855 hasPublicationYear "2000" @default.
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