Marini, Giancarlo; van der Ploeg, Frederick - In: Economic Journal 98 (1988) 392, pp. 772-86
This paper considers the effects of monetary and fiscal policies in an optimizing model with capital accumulation and a pos itive birth rate. An increase in monetary growth leads to a reduction in the real interest rate and a boost of capital and total consumpti on. However, the superneutrality...