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Monetary policies in an intertemporal macroeconomic model with imperfect competition

Article Abstract:

Production will be increased, unemployment reduced, and welfare enhanced, with monetary expansion, though how far this happens depends on how long the expansion is adhered to. The two-period model used assumes that prices and wages depend on endogenous factors, and that consumers are behaving rationally. It also assumesimperfect competition, and returns to scale for firms, and is of a closed economy. The model could also be used to analyze fiscal decisions, and be applied to an open economy.

Central Reserve Depository, Analysis, Measurement, Monetary policy, Macroeconomics

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Examining the long-run effect of money on economic growth

Article Abstract:

An endogenous economic growth model is discussed to analyze the long-term effect of money on economic growth. Money is considered a Hicks-neutral production element that leads to a more efficient production of goods. Furthermore, a higher rate of money growth leads to a proportionally higher inflation rate. Expected inflation, on the other hand, does not affect money supply solely. The latter is influenced by the combined growth rate of consumption, output and input.

Economic aspects, Inflation (Finance), Money supply, Inflation (Economics)

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A general two-sector model of endogenous growth with human and physical capital: balanced growth and transitional dynamics

Article Abstract:

Balanced growth can be attained by utilizing labor and capital in production sectors. Dynamic factors including consumption, goods and education outputs, human and physical inputs, and price of human capital investments, which also have significant effects on maintaining growth balance, can also be used in analyzing other factors such as taxation policies. The two-sector approach can also be applied in determining policy changes and their effects on the economy.

Models, Human capital

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