This paper makes a new attempt to investigate the role of anticipated monetary growth in economic growth. Combining the Barro (1990)-Rebelo (1991)-type endogenous growth model with Sidrauski's (1967) framework, we show that the pre-announcement of money supply behaviour may have significant...

This paper reexamines the dynamic features and the long-run effects of raising interest rates on union membership and employment in the Jones-McKenna (1994) model. Two major findings emerge from the analysis. First, the dynamic system of Jones and McKenna's model exhibits saddlepoint stability,...