Dai, Feng; Liang, Ling; Wu, Songtao - In: International Journal of Monetary Economics and Finance 6 (2013) 1, pp. 55-80
This paper focuses on money supply and economic growth under environmental pressure. Based on the Solow growth model, a formal advance-retreat course (ARC) model and nominal ARC model for money supply are constructed, the basic conditions for increasing money to promote output growth are...