In this paper we explore the effects of monetary policy on the number of firms, firm market size, ination and growth in … a Schumpeterian growth model with endogenous market structure and cash-in-advance (CIA) constraints on two distinct …, raising the nominal interest rate increases the the number of rms and ination, but decreases the rm size and economic growth …

In this paper we explore the effects of monetary policy on the number of firms, firm market size, inflation and growth … in a Schumpeterian growth model with endogenous market structure and cash-in-advance CIA constraints on two distinct …, raising the nominal interest rate increases the number of firms and inflation, but decreases the firm size and economic growth …

In this study, we develop a monetary Schumpeterian growth model with endogenous market structure (EMS) to explore the … effects of monetary policy on the number of firms, �firm size, economic growth and social welfare. EMS leads to richer … interest rate leads to lower growth rates of innovation, output and consumption and also smaller �rm size due to a reduction in …

In this note, we develop a monetary Schumpeterian growth model to explore the effects of monetary policy on endogenous … market structure, economic growth and social welfare. We find that an increase in the nominal interest rate reduces the … equilibrium number of firms. Although long-run economic growth is independent of the nominal interest rate due to a scale …

We explore the growth and welfare effects of monetary policy in a two-sector Schumpeterian economy with cash … growth by shifting labor from R&D to production, whereas the latter can enhance it by shifting labor from the less productive …

on economic growth and social welfare? To analyze this question, we develop a monetary R&D-based growth model with … elastic labor supply. We find that monetary expansion reduces growth and welfare through a decrease in labor supply that … contrast, increasing the market power of firms dampens the growth and welfare effects of monetary policy in the AK model …

This study analyzes the growth and welfare effects of monetary policy in a two-country Schumpeterian growth model with … rate decreases domestic R&D investment and the growth rate of domestic technology. Given that economic growth in a country … growth in the domestic economy. When each government conducts its monetary policy unilaterally to maximize the welfare of …

the effects of monetary policy on economic growth and social welfare in a Schumpeterian model with cash-in-advance (CIA … consumption and R&D (manufacturing), an increase in the nominal interest rate would decrease (increase) R&D and economic growth … interest rate would have an overall negative effect on R&D and economic growth as documented in recent empirical studies. We …