We intend to examine a monetary economic growth model à la Sidrauski- Brock where money is introduced both in the … money holdings and that money is held by firms to facilitate production. We show that the level of equilibrium depends on … equilibrium is either a classical « saddle point » or a « source point »; that the introduction of money in the utility and …

prices. Money is incorporate in its role as a medium of exchange through a time-cost transactions techonolgy. Another … attention on analyzing the consumption, investment, and real money demand functions resulting from the model. These three …

monopolistic competition economy with transactions-facilitating money. Three pricing variants (optimal prices, indexed prices, and …

The European Central Bank has assigned a special role to money in its two pillar strategy and has received much … criticism for this decision. The case against including money in the central bank's interest rate rule is based on a standard … decades. In this paper, we develop a justification for including money in the interest rate rule by allowing for imperfect …

modified to account for observed money growth and inflation trends, and that monetary trends may serve as a useful cross … persistent errors in monetary policy and sustained trends in money growth and inflation. If interest rate prescriptions derived … from Keynesian-style models are augmented with a cross-check against money-based estimates of trend inflation, inflation …

criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross …

modified to account for observed money growth and inflation trends, and that monetary trends may serve as a useful cross … persistent errors in monetary policy and sustained trends in money growth and inflation. If interest rate prescriptions derived … from Keynesian-style models are augmented with a cross-check against money-based estimates of trend inflation, inflation …