Mino, Kazuo; Fujisaki, Seiya - In: Economics Bulletin 5 (2007) 11, pp. 1-7
This paper re-examines equilibrium determinacy under the interest-rate control rules in a simple model of endogenous growth. We use a standard money-in-the-utility formulation with fixed labor supply and an Ak technology under which the balanced-growth path is unique and money is superneutral in...