The Real Effects of Money Growth in Dynamic General Equilibrium

We analyse the effects of money growth within a standard New Keynesian framework and show that the interaction between staggered nominal contracts and money growth leads to a long-run trade-off between output and money growth. We explore the microeconomic mechanisms that lead to this trade-off, and show that it remains even when the contract length is endogenised

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Year of publication:	[2021]
Authors:	Graham, Liam ; Snower, Dennis J.
Publisher:	[S.l.] : SSRN
Subject:	Geldmenge \| Money supply \| Theorie \| Theory \| Geldpolitik \| Monetary policy \| Wirtschaftswachstum \| Economic growth \| Neoklassische Synthese \| Neoclassical synthesis \| Phillips-Kurve \| Phillips curve \| Dynamisches Gleichgewicht \| Dynamic equilibrium

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Extent:	1 Online-Ressource (37 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2004 erstellt
Other identifiers:	10.2139/ssrn.601284 [DOI]
Classification:	E20 - Consumption, Saving, Production, Employment, and Investment. General ; E40 - Money and Interest Rates. General ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013319010