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"Further theoretical and empirical evidence on money to growth relation"
Alexandru Minea
LEO, University of Orléans
Christophe Rault
LEO, University of Orléans and EDHEC Business School
Patrick Villieu
LEO, University of Orléans
Accepted on August 4, 2008 at :
Economics Bulletin
Text of Abstract :
This paper proposes a theoretical growth model where seigniorage can be used to finance productive public spending, and show the existence of nonlinear effects between seigniorage and economic growth. Empirical evidence based on panel regression techniques provides some support for these nonlinear effects on a sample of OECD countries over the 1978-2005 period.
Keywords :
Economic Growth, Nonlinear Effects of Monetary Policy
Announcement Posted : 8/19/2008
This announcement has been downloaded 971 times.